Starting Today You Can Own Part of Roku




Today Roku started selling stock on NASDAQ. Roku is listed on NASDAQ under the ticker of ROKU.

This was first reported back in July that Roku was planning an IPO. Roku has been able to capitalize on the growth in streaming, where many people, have opted not to pay for cable TV.  Roku is the largest streaming device in the United States by both devices sold and by total hours streamed. Roku also as of January 2017 accounts for 13% of all smart TV sales in the United States. A huge jump in sales from just a few years ago when they had 0% of the market.

Now today you can finally own part of Roku.  Roku says they have about 15.1 million accounts and stream quarterly 3.5 billion hours of content, which is up 60% year-over-year. Roku had a net income of $3.2 million in the fourth quarter of 2017.

The stock started at $14 and quickly shot up 30.5% to $18.27 at the time of this posting. Roku is the leader int he US market for streaming players with a quickly growing smart TV market.

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