Roku’s $503 Million At-The-Market Offering


Davis Polk and Cooley advised on the deal.

Roku, Inc. executed its $503 million SEC-registered at-the-market offering, consisting of up to 4,000,000 shares of its Class A common stock.

Roku pioneered streaming to the TV and is capitalizing on this large economic opportunity as a leading TV streaming platform for users, content publishers and advertisers. Roku connects users to the streaming content they love, enables content publishers to build and monetize large audiences and provides advertisers with unique capabilities to engage consumers.

Cooley advised Roku on the deal.

Davis Polk advised Morgan Stanley & Co. LLC and Citigroup Global Markets Inc., as sales agents, with a team which included partner Alan F. Denenberg (Picture), associates Kimberly Wang and Xiwen (Rose) Wang. The tax team included counsel Ethan R. Goldman and associate Daniel L. Jose. Partner Pritesh P. Shah and associates Jay Frankel and Jennifer Leather provided intellectual property advice.

Involved fees earner: Alan Denenberg – Davis Polk & Wardwell; Jay Frankel – Davis Polk & Wardwell; Ethan Goldman – Davis Polk & Wardwell; Daniel Jose – Davis Polk & Wardwell; Jennifer Leather – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Kimberly Wang – Davis Polk & Wardwell; Xiwen Wang – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Citigroup Global Markets Ltd; Morgan Stanley;

Author: Ambrogio Visconti