Roku Closes IPO of 18 Million Shares, Begins Trading on Nasdaq

Roku announced Tuesday it closed its initial public offering of 18 million shares of Class A common stock (see 1709050067), including the full exercise by the underwriters of their option to buy 2.35 million additional shares at $14 each. Roku issued and sold 10.35 million shares of Class A common stock and the selling stockholders sold an additional 7.67 million shares, it said. Shares began trading under the ROKU symbol on the Nasdaq. Shares closed 11.7 percent lower Tuesday at $20.81.