Streaming media player maker Roku has raised $252 million in its initial public offering, asking $14 per share for 18 million shares, CNBC reported.
Roku was aiming to raise $219 million from the IPO.
The price of the stock soared following its listing at $15.78, closing 67% higher at $23.50.
According to MarketWatch, the stock climbed in after-hours trading – reaching $24.39 at the time of writing.
Roku said it plans to use the capital for research and development, and marketing.