Rook considering U.S. IPO this year: Bloomberg
(Reuters) - U.S. television start-up Roku is aiming to launch an initial public offering this year, Bloomberg reported on Friday, citing people with knowledge of the matter.
The company, which makes set-top boxes that connect TVs to the Internet, recently spoke to banks about the possibility of going public but is yet to hire a lead bank for the process, the report said. (r.reuters.com/mex96v)
Roku competes with Apple Inc's Apple TV and is working with U.S. cable operators such as Time Warner Cable Inc to let users stream their cable TV through the box.
The company raised $60 million last May in a funding round that included Hearst Corp, News Corp and British Sky Broadcasting as well as institutional investor Fidelity.
Roku spokeswoman Tricia Mifsud said Roku, as a matter of policy, does not comment publicly about its future financing plans.
(Reporting by Anannya Pramanick in Bangalore; Editing by Richard Chang)
NEW YORK - U.S. stocks fell in afternoon trading on Tuesday after swinging between gains and losses for most of the session as the lack of major corporate earnings or market-affecting data kept trading directionless.
- U.S. small businesses borrowed more money in January than they did a year earlier, signaling continued growth in the economy despite a spate of cold weather that has been blamed for weakness in many other indicators of activity.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.