Roku Bumps IPO Target to $252M

Intends to offer 18 million shares at up to $14 each

Roku now intends to raise as much as $252 million via an IPO that aims to offer about 18.01 million shares for $12 to $14 each, according to an amended S-1 filed Monday.

Earlier this month, Roku filed an S-1 that outlined plans for an IPO that would raise up to $100 million. Roku plans to trade on Nasdaq under the “ROKU” ticker symbol.

The planned IPO would value Roku at between $1.1 billion and $1.3 billion, according to The Wall Street Journal. The $252 million total that could be raised includes $219 million for the company, and an option for underwriters to buy an additional 2.4 million shares, the report added.

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