Thursday, September 28, 2017

Roku surges on first day of trading

Shares in Roku (Nasdaq:ROKU), which offers TV streaming devices, surged on their first day of trading, closing at

The company priced its initial public offering of 15,668,000 shares of Class A common stock at a price to the public of $14.00 per share.

Roku, which is based in Los Gatos, California, has 15 million monthly active accounts as of June 30, 2017 that streamed in the last 30 days. The company says its uses streamed nearly 7 billion hours of music and video in the first half of 2017.