Roku IPO The New Rocket Man $ROKU Launches 61% on Debut

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Roku has opted to offer two classes of shares to investors. Class B common stock, which is owned by executives, directors and several early investors, will have 10 votes for every one vote of the Class A stock, which is being offered to investors. In the S-1, Roku warned investors that as a result of the lopsided voting rights, investors who buy in at the IPO will have a limited influence over the company’s direction for the foreseeable future.