Roku's future looks bright as it files for $100 million IPO

Roku has filed for an initial public offering of up to $100 million, according to documents released Friday evening.

The set-top streaming device maker has been growing steadily as more and more people—especially millennials—opt to forgo their cable subscriptions in favor of popular streaming services like Netflix, Amazon, and Hulu. Filings revealed revenue of around $399 million in 2016.

SEE ALSO: Roku forecast to beat Apple TV, Google, Amazon in the battle for your TV attention, study claims

The company also reported that it now has 15.1 million accounts overall—a 43 percent improvement on last year's number. Read more...

More about Netflix, Roku, Apple Tv, Business, and Streaming Services

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