Roku’s $252 Million Initial Public Offering


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.

Involved fees earner: Mark Tanoury – Cooley LLP; John McKenna – Cooley LLP; Seth Gottlieb – Cooley LLP; Alex Kassai – Cooley LLP; Allison Peth – Cooley LLP; Renee Deming – Cooley LLP;

Law Firms: Cooley LLP;

Clients: Roku Inc.;

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Author: Ambrogio Visconti