Hearst and News Corp-backed Roku has filed for a $100m initial public offering on Nasdaq, approximately two months after its flotation plans were first reported.
Roku, a US-based media streaming software and device maker backed by media conglomerates Hearst and News Corp, filed for a $100m initial public offering on Friday.
The company is seeking a listing on the Nasdaq stock exchange. Reports of an initial public offering first emerged in mid-July, though the company had reportedly already considered a flotation in 2014, when it secured $25m from unnamed backers.
Founded in 2008, Roku markets a set-top box that allows consumers to stream…
