The underwriters for the corporate-backed television subscription platform's IPO have fully exercised the over-allotment option.
US-based television streaming service Roku closed an initial public offering that granted exits to several media companies at $253m yesterday after the underwriters took up the full over-allotment option.
Roku sells set-top boxes that allow subscribers to stream televisual content from a range of TV and online sources. It had more than 15 million active subscribers as of June 2017 and made a net loss of $42.8m from $399m in revenue in 2016.
The company initially raised $219m in the…
