Roku, Inc. $252 Million Initial Public Offering
9/29/2017

Davis Polk advised the representatives of the several underwriters in connection with an initial public offering of 18,018,000 shares of Class A common stock of Roku, Inc., including all shares subject to the underwriters’ option to purchase additional shares. Roku issued and sold 10,350,000 shares and certain existing stockholders sold an additional 7,668,200 shares. Roku’s Class A common stock is listed on the NASDAQ Global Select Market under the symbol “ROKU.”

Roku connects users to exceptional streamed content, enables content publishers to build and monetize large audiences and provides advertisers with unique capabilities to engage consumers. Roku is based in Los Gatos, California. 

The Davis Polk corporate team included partner Alan F. Denenberg and associates Bryan M. Quinn and Amy Tu. Partner Rachel D. Kleinberg and associate K. Daniel Berman provided tax advice. Counsel Michelle Ontiveros Gross and associate Jason J. Bang provided intellectual property and technology advice. Counsel Marcie A. Goldstein provided FINRA advice. Counsel Cynthia Akard provided executive compensation advice. Members of the Davis Polk team are based in the Northern California and New York offices.