Roku’s $100 Million At-The-Market Offering

Davis Polk advised the sales agent on the SEC-registered at-the-market offering by Roku, Inc. of its Class A common stock for up to an aggregate amount of $100 million.

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.

The Davis Polk corporate team included partner Alan F. Denenberg (Picture) and associates Bryan M. Quinn and Xin (Anita) Guo. Partner Rachel D. Kleinberg provided tax advice. Partner Pritesh P. Shah and associate Jay Frankel provided intellectual property and technology advice. Associate J. Taylor Arabian provided 1940 Act advice.

Involved fees earner: Taylor Arabian – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Jay Frankel – Davis Polk & Wardwell; Xin Guo – Davis Polk & Wardwell; Rachel Kleinberg – Davis Polk & Wardwell; Bryan Quinn – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Roku Inc.;

Author: Ambrogio Visconti