{"id":3044,"date":"2017-09-22T16:11:19","date_gmt":"2017-09-22T20:11:19","guid":{"rendered":"http:\/\/www.ipoboutique.com\/blog\/?p=3044"},"modified":"2017-09-22T16:11:19","modified_gmt":"2017-09-22T20:11:19","slug":"roku-inc-roku-ipo-preview","status":"publish","type":"post","link":"https:\/\/www.ipoboutique.com\/blog\/roku-inc-roku-ipo-preview\/","title":{"rendered":"Roku Inc (ROKU) IPO Preview"},"content":{"rendered":"

\"RokuLogo\"<\/a><\/p>\n

Company: Roku, Inc.<\/strong>
\nSymbol: ROKU
\nDescription: They pioneered streaming to the TV. 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.
\nShares: 15.7 million
\nPrice Range: $12.00-$14.00
\nTrade Date: 9\/28
\nUnderwriter(s): Morgan Stanley, Citigroup, Allen & Co., RBC Capital Markets
\nCo-Manager(s): Needham & Co., Oppenheimer & Co., William Blair<\/p>\n

Link to S-1\/A Prospectus<\/a><\/strong><\/p>\n

Link to Retail Roadshow<\/a><\/strong><\/p>\n

Business<\/strong>: As of June\u00a030, 2017, they\u00a0had 15.1\u00a0million active accounts. By comparison, the fourth largest multichannel video programming video distributor in the United States had approximately 13.3\u00a0million subscribers as of June\u00a030, 2017. Their\u00a0users streamed more than 6.7\u00a0billion hours on the Roku platform in the six months ended June\u00a030, 2017, 62% growth from the six months ended June\u00a030, 2016. TV streaming\u2019s disruptive content distribution model is shifting billions of dollars of economic value. Roku is capitalizing on this large economic opportunity as a leading TV streaming platform for users, content publishers and advertisers.<\/p>\n

Market Opportunity:\u00a0<\/strong>The rapid adoption of TV streaming has disrupted the traditional linear TV distribution model, creating new options for consumers and new economic opportunities for content publishers and advertisers. OTT viewing has become mainstream in the United States. According to an April 2017 comScore report, 51 million U.S. homes have used OTT, and OTT has a 54% reach among homes with WiFi. Additionally, their\u00a0advertising products enable advertisers to serve relevant ads to our users and measure return on investment.<\/p>\n

Financials:\u00a0<\/strong> In the six months ended June\u00a030, 2017, they generated revenue of $199.7\u00a0million, up 23% from $162.3\u00a0million in the six months ended July\u00a02, 2016. In fiscal 2016, they generated revenue of $398.6\u00a0million, up 25% from $319.9\u00a0million in fiscal 2015.<\/p>\n

\"RokuFinancials\"<\/a><\/p>\n

 <\/p>\n

Book-Building Status<\/strong>: The way the book comes together during the week of the roadshow is the most critical indicator to first-day and first-week performance. IPO Boutique uses its 45 years of experience and sources all over the street to gather daily subscription levels, specific price guidance and what type of investors are currently in the book or are anchoring orders in the book. In addition, recent underwriter performance on sector specific deals is a strong factor that IPO Boutique takes into account when determining if our clients should indicate for any offering.<\/p>\n

IPO Boutique subscription clients receive daily updates on this critical information.<\/a><\/p>\n

Conclusion<\/strong>: IPO Boutique provides ratings, daily commentary and a forecast for how this IPO will open vs. its offering price. We have kept a\u00a0track record<\/a>\u00a0with our performance for last 12 years at our website.<\/p>\n

Indicate with confidence,\u00a0SUBSCRIBE<\/a>\u00a0today.<\/p>\n","protected":false},"excerpt":{"rendered":"

Company: Roku, Inc. Symbol: ROKU Description: They pioneered streaming to the TV. 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. Shares: 15.7 million Price Range: $12.00-$14.00 Trade Date: 9\/28 Underwriter(s): Morgan Stanley, Citigroup, Allen & Co.,[…]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"zakra_general_container_width":0,"zakra_general_content_width":0,"zakra_general_sidebar_width":0,"zakra_sticky_header":"customizer","zakra_header_main_area":true,"zakra_site_logo_width":0,"zakra_header_top_enabled":"customizer","zakra_header_top_style":"customizer","zakra_primary_menu_item_style":"customizer","zakra_page_header_text_color":"","zakra_page_header_layout":"customizer","zakra_page_title_bg":"","zakra_footer_widgets_bg_image":0,"zakra_page_title_bg_repeat":"customizer","zakra_page_title_bg_position":"customizer","zakra_page_title_bg_size":"customizer","zakra_page_title_bg_attachment":"customizer","zakra_breadcrumbs_enabled":"customizer","zakra_breadcrumbs_text_color":"","zakra_breadcrumbs_separator_color":"","zakra_breadcrumbs_link_color":"","zakra_breadcrumbs_link_hover_color":"","zakra_page_title_bg_image":0,"zakra_footer_widgets_enabled":"customizer","zakra_footer_column_layout_1_style":"customizer","zakra_footer_widgets_bg":"","zakra_footer_widgets_bg_repeat":"customizer","zakra_footer_widgets_bg_position":"customizer","zakra_footer_widgets_bg_size":"customizer","zakra_footer_widgets_bg_attachment":"customizer","zakra_footer_bar_enabled":"customizer","zakra_footer_bar_style":"customizer","footnotes":""},"categories":[24],"tags":[1358],"class_list":["post-3044","post","type-post","status-publish","format-standard","hentry","category-ipo","tag-roku"],"_links":{"self":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/comments?post=3044"}],"version-history":[{"count":1,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3044\/revisions"}],"predecessor-version":[{"id":3047,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/posts\/3044\/revisions\/3047"}],"wp:attachment":[{"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/media?parent=3044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/categories?post=3044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ipoboutique.com\/blog\/wp-json\/wp\/v2\/tags?post=3044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}