Roku files for IPO of up to $100 million

Roku files for IPO of up to $100 million
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Video streaming device maker Roku has filed for an initial public offering (IPO) of up to $100 million, Reuters reported Friday.

The filing did not say how many shares will be available or how much each share will cost. The company applied to list its stock on the Nasdaq using the ticker symbol "ROKU," according to Reuters.


The company manufactures devices that connect to users' televisions and allow them to stream content from streaming services like Netflix, Hulu and Amazon. 

Roku has seen a significant jump in its streaming in the past year.

In the first six months of 2017, consumers streamed 2.9 billion hours of content on its devices, including advertisements. That amounts to a 76 percent increase from the same period in 2016.