Roku – $252 Million IPO

Palo Alto – October 2, 2017 – Cooley advised Roku on its $252 million initial public offering of 18,018,200 shares of Class A common stock, including the exercise in full by the underwriters of their option to purchase additional shares, at a price to the public of $14.00 per share. Cooley partners Mark Tanoury, John McKenna and Seth Gottlieb led the team advising Roku.

Roku – which now trades on The NASDAQ Global Select Market as “ROKU” – pioneered streaming for the TV and aspires to power every TV in the world. As of the end of June 2017, Roku OS powered TV streaming for 15+ million monthly active accounts, which streamed nearly 7 billion hours of video and music in the first half of the year.

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Related Contacts
Mark Tanoury  Partner Palo Alto
John McKenna  Partner Palo Alto
Seth Gottlieb  Partner Palo Alto
Renee Deming  Retired Partner Palo Alto
Alex Kassai  Partner Palo Alto
Jeramie Perez  Senior Paralegal Palo Alto