Cooley advised Roku on its $252 million initial public offering of 18,018,200 shares of Class A common stock, including the exercise in full by the underwriters of their option to purchase additional shares, at a price to the public of $14.00 per share
Roku – which now trades on The NASDAQ Global Select Market as “ROKU” – pioneered streaming for the TV and aspires to power every TV in the world. As of the end of June 2017, Roku OS powered TV streaming for 15+ million monthly active accounts, which streamed nearly 7 billion hours of video and music in the first half of the year.
Cooley advised with a team including Mark Tanoury (Picture), John McKenna, Seth Gottlieb, Renee Deming, Alex Kassai, Allison Peth and Jeramie Perez.
Law Firms: Cooley LLP;
Clients: Roku Inc.;