The Wall Street Journal: Roku said to be preparing IPO valuing company at $1 billion

Roku Inc., which makes streaming media devices and software, is preparing an initial public offering it expects to launch before year-end, according to people familiar with the company’s plans.

The Los Gatos, Calif., company recently hired Morgan Stanley, Citigroup Inc. and Allen & Co. as underwriters on the IPO, these people said. The company could file confidentially in the next few weeks, one of these people said.

Roku is seeking a valuation of roughly $1 billion, one person with knowledge of the company’s plans said. It isn’t clear whether Roku can achieve that number, though, and troubles with two high-profile offerings this year — Blue Apron Holdings Inc.

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