Roku Inc. — maker of the Roku streaming device — filed for an initial public offering on Friday, aiming to raise up to $100 million.
Roku’s S-1 filing showed the 15-year-old company has more than 15 million active users, who stream about 3 hours of content a day. The Los Gatos-based company pulled in nearly $200 million in revenue for the first half of 2017, a 23 percent year-over-year increase.
“Over time, I believe that streaming will allow consumers on-demand access to every movie and TV show ever made as well as brand new categories of short form videos and specialty content,” said Roku CEO Anthony Wood in the filing.