Latest in Finance

Image credit:

Roku wants to grow its media hub empire with a public stock filing

26 Shares
Share
Tweet
Share
Save

Sponsored Links

Roku frequently comes across as the little media player company that could: its streaming box business is growing in spite of much larger competition. As healthy as it is, though, this upstart now appears eager to join the big leagues. Tipsters for both the Wall Street Journal and New York Times claim that Roku is planning to file an initial public stock offering (IPO) that could net as much as $150 million, roughly doubling what it raised through private investments. The details of just how and when this would happen are still murky, but the company said earlier this month that it's near turning a profit. It may wait until it's in the black and can put its best foot forward. If the IPO does happen, though, you should expect Roku to grow quickly. It's already striking deals with TV makers and has the support of major broadcasters -- the extra cash could both put more big-name services on your existing Roku box and improve the range of devices you can buy at the store.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
26 Shares
Share
Tweet
Share
Save

Popular on Engadget

The best consoles, games and accessories for students

The best consoles, games and accessories for students

View
Sony and Yamaha are making a self-driving cart for theme parks

Sony and Yamaha are making a self-driving cart for theme parks

View
Trump tries to overturn ruling stopping him from blocking Twitter users

Trump tries to overturn ruling stopping him from blocking Twitter users

View
Divorce dispute leads to accusation of crime in space

Divorce dispute leads to accusation of crime in space

View
Scientists bioprint living tissue in a matter of seconds

Scientists bioprint living tissue in a matter of seconds

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr