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Roku Planning $1 Billion IPO

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Billboard reports: “Roku is planning to go public before the end of the year, according to a report in The Wall Street Journal. The Los Gatos, Calif., company behind the popular set-top television boxes and other streaming devices has hired three investment banks — Morgan Stanley, Citigroup Inc. and Allen & Co. — to underwrite its initial public offering, in which it is looking to raise $1 billion, per the report. Roku was early to the video streaming game, launching its first device in 2008, a year after Apple released the first generation of its Apple TV set-top box.”

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