Roku considering U.S. IPO this year -Bloomberg
Feb 21 (Reuters) - U.S. television start-up Roku is aiming
to launch an initial public offering this year, Bloomberg
reported on Friday, citing people with knowledge of the matter.
The company, which makes set-top boxes that connect TVs to
the Internet, recently spoke to banks about the possibility of
going public but is yet to hire a lead bank for the process, the
report said. ()
Roku competes with Apple Inc's (Symbol : AAPL) Apple TV and is
working with U.S. cable operators such as Time Warner Cable Inc (Symbol : TWC)
to let users stream their cable TV through the box.
The company raised $60 million last May in a funding round
that included Hearst Corp, News Corp (Symbol : NWSA) and British Sky
Broadcasting (Symbol : BSYBF) as well as institutional investor Fidelity.
Roku spokeswoman Tricia Mifsud said Roku, as a matter of
policy, does not comment publicly about its future financing
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