Roku Inc. (ROKU) Prices 15.67M Share IPO at $14/Sh

Roku, Inc. (NASDAQ: ROKU) announced today the pricing of its initial public offering of 15,668,000 shares of Class A common stock at a price to the public of $14.00 per share. Roku is issuing and selling 9,000,000 shares of Class A common stock and the selling stockholders are selling an additional 6,668,000 shares of Class A common stock. In addition, Roku and the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2,350,200 shares of Class A common stock at the initial public offering price less underwriting discounts and commissions. The shares are expected to begin trading on the Nasdaq Global Select Market under the symbol "ROKU" on September 28, 2017.

Morgan Stanley & Co. LLC and Citigroup Global Markets Inc. are acting as lead bookrunners for the offering. Allen & Company LLC and RBC Capital Markets, LLC are acting as book-running managers, and Needham & Company, LLC, Oppenheimer & Co. Inc. and William Blair & Company, L.L.C. are acting as co-managers for the offering.

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