TweakTown
Tech content trusted by users in North America and around the world
5,675 Reviews & Articles | 36,072 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

Set-top box maker Roku considers filing for IPO sometime this year

Roku is shifting its corporate focus and could also go IPO in 2014 to help generate some cash to compete with Amazon, Apple, and others

| Business, Financial & Legal News | Posted: Feb 22, 2014 7:00 am

Set-top box maker Roku is reportedly interested in exploring a possible initial public offering (IPO), despite successfully generating $60 million its latest round of funding last May. The company has spoken with several unnamed banks, according to a Bloomberg report, though nothing has been confirmed.

 

TweakTown image news/3/5/35630_01_set_top_box_maker_roku_considering_filing_for_ipo_sometime_this_year.jpg

 

It has been a good time for companies to go public - or seek to sell - as companies have been largely overvalued. If rumors are true, expect to hear Roku pick a lead banker and announce a tentative IPO launch date sometime later this year.

 

In addition to the appeal of additional funding, with Apple and Amazon both rumored to enter the set-top box market, Roku is going to have an even harder time competing.

 

The connected TV and home entertainment market is changing and Roku plans to focus more on software platform development than hardware. The company plans to work with high-definition TV partners to boost its streaming technology that can be offered directly on new HDTVs and Blu-ray models.

NEWS SOURCE
Bloomberg.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below