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Roku IPO: 5 things to know about the streaming device company

Streaming software and device manufacturer Roku Inc. priced its initial public offering at $14 a share late Wednesday, at the high end of its range. The new stock should begin trading Thursday on the Nasdaq under the ticker “ROKU,” according to a filing with the Securities and Exchange Commission.

In a filing, the company ROKU, +0.00% said that it will seek to raise $219 million in funding, at a valuation of $1.3 billion. The streaming device maker said that it will sell at least 9 million shares at $14, netting the company as much as $126 million. In addition, early investor Menlo Ventures plans to sell 6 million shares for as much as $84 million, and Sky Ventures Ltd.

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