Roku Stock Has Already Doubled From Its IPO. How Does Its Valuation Look?

Roku Stock Has Already Doubled From Its IPO. How Does Its Valuation Look?

That went well. Streaming media player maker Roku (NASDAQ: ROKU) officially priced its initial public offering on Wednesday night at $14, the high end of the expected range listed in its amended S-1. Shares closed yesterday at $23.50, posting gains of 68% on the first day of trading, and are up another 19% today to around $28 as of 1:00 p.m. EDT. The stock even flirted with $30 in early trading.

After doubling in less than two days, how does Roku's valuation look?

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Source: Fool.com