Wall Road, Enterprise Specialists Are Skeptical Over Roku’S Soaring Ipo

After Roku’s stunning stock move, it is now valued at a much higher price-to-sales multiple than many of its technology hardware peers.
One Wall Street fund manager, who received an allocation of the Roku IPO, subsequently sold the stock following the offering.
“Roku’s debut on the NASDAQ popped nearly 70%, representing the highest single day return for a US IPO in 2017,” Dealogic’s Domenico Positano said.
The streaming media player maker’s stock soared again the following day, rising another 13 percent Friday.
In addition, hardware player sales represented nearly three-quarter of 2016’s sales, according to the company’s prospectus.

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