What to Watch for in Roku's $219 Million IPO

What to Watch for in Roku's $219 Million IPO

Roku stock is soaring for its Wall Street debut. Roku raised $219 million in the IPO, with the company getting $126 million and selling stockholders Menlo Ventures and Sky Ventures Ltd. taking the rest.

Historically, the company's products and services have largely been a platform for streaming services and hardware.

With all three offering boxes for streaming videos features the most popular apps such as Hulu and Netflix.

Saudi women have a long road ahead
The announcement on Tuesday follows decades of resistance from female activists, many of whom were jailed for flouting the ban. Saudi officials and clerics have provided numerous explanations for the ban over the years.

Roku set-top boxes and dongles offer users access to free channels like YouTube, subscription channels like Netflix and cable channels like HBO.

"In order to materially increase the monetization of our platform through the sale of advertising-supported video, we will need our users to stream significantly more ad-supported content", the company warned in its filing. Founded by Anthony Wood, the "father of the DVR" who still leads the company as CEO, Roku has more than held its own against tech behemoths Apple, Google and Amazon. The company has said that the majority of its current revenue comes from streaming player sales. The company plans to make more money for every hour of viewing by selling more advertisements within its platform. This compares to $320 million in revenue and $38 million in losses for 2015.

Roku completed a public offering this morning, raising $252 million in an IPO that valued the company at $2 billion.

Saudi Arabia to Allow Women to Drive, State Media
Last month, Saudi police arrested an Arab woman after video circulated showing her driving a auto in the Eastern Province. Many Saudi women rely on ride-sharing apps like Uber and Careem to take relish some freedom of movement.

Snap Inc., the biggest technology company to go public this year, has seen the value of its shares almost slashed in half as investors realized, among other things, that Facebook's Instagram could marshal its considerable resources to simply copy Snapchat's features.

Gaming company Rovio, which is best known for the Angry Birds mobile franchise, has also made moves for its own public offering.

Streaming media device maker Roku will begin to sell its shares at $14 when it starts trading on NASDAQ Thursday, according to a CNBC report.

Federation Internationale de Football Association poppy stance backed by sports minister Tracey Crouch
The German football association is understood to have no objections over England players wearing the poppy, The Guardian reported. The new proposal is expected to be passed in time for November's global matches, which will be played between 6 and 14 November.

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