Roku, a TV content streaming company has now listed on the Nasdaq.
Roku’s initial public offering went underway as its executive team rang the bell at the Nasdaq MarketSite in Times Square today.
Roku connects users to the streaming content they love, enables content publishers to build and monetize large audiences, and provides advertisers with unique capabilities to engage consumers.
As of June 30, 2017, Roku had over 15.1 million active accounts, up 43% year over year; and streamed over 6.7 billion hours on the Roku platform, representing a 60% growth compared to the same period in 2016. Roku is at the forefront of the streaming industry, offering their users more entertainment options and more control over what they spend on content.
“TV streaming is one of the most disruptive content distribution models, shifting billions of dollars of economic value. We are extremely proud to partner with Roku as they continue to capitalize on this large economic opportunity as a publicly traded company,” said Nelson Griggs, President of the Nasdaq Stock Exchange.