Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

Video Streaming Player Pioneer Roku Seeks $100M in IPO

Roku listed a $100 million fundraising target in a Friday regulatory filing

Roku XDS player with remote, photo: Wikimedia
3 weeks ago

SAN FRANCISCO – Video streaming player pioneer Roku is going public, hoping to raise money to expand into more households and fend off competitive threats from bigger technology companies.

Roku listed a $100 million fundraising target in a Friday regulatory filing, but that figure is likely to change after gauging the demand for its initial public offering of stock.

The documents provided the first peek at Roku finances and other previously confidential information.


Like many young tech companies, Roku is still unprofitable. Last year, it lost nearly $43 million on $399 million in revenue. Since its 2002 inception, Roku has amassed $244 million in losses.

Market research firm Park Associates says Roku is the U.S. market leader of streaming players, with a 37 percent share, putting it ahead of Amazon, Google and Apple.

Comments Whatsapp Twitter Facebook Share
More From The News
Mexico

Mexico Quake Rescuers Race to Free Girl, ...

13 hours ago
World

Battle against I.S. in Raqqa is in 'Fina ...

14 hours ago
Mexico

Soft Soil Makes Mexico City Shake Like i ...

15 hours ago
Mexico

Mexican Red Cross Providing Assistance f ...

16 hours ago
Most Popular

7.1 Magnitude Quake Kills 139 as Buildui ...

By The Associated Press
Mexico

Deathtoll Rises to 230 After Mexico 7.1 ...

By Notimex
Mexico

Robberies Reported During Mexico City Qu ...

By The News
Mexico

Mexico Quake Rescuers Race to Free Girl, ...

By The Associated Press
Mexico

Mexican Red Cross Providing Assistance f ...

By The News
Mexico