This is why ROKU should be back below $25.00 soon remember that was a analyst PPS target from just days ago for 1 year from now and the average from all 3 recent analysts is now at under $27.00. However this matters now! This is very disturbing about the current ROKU PPS.
Menlo got their shares Series C shares for 9 to 11 cents per share. Fidelity got their ROKU series F shares for .91 cents per share. Now we have 98 million more preferred shares added and these other groups can sell their ROKU shares they got for pennies for $30.00 plus now shares at anytime look at their massive gains! These numbers are staggering and insane. Watch for the red crash ahead!
Menlo Ventures is the company's biggest stakeholder, owning nearly 31 percent of its stock. It got involved after Roku was spun out of Netflix, buying Series C shares at between 9 cents and 11 cents a share, according to PitchBook Data. That works out to a return of between 388-fold and 474-fold for that round.
Fidelity is the second biggest investor, with a 14 percent stake. It got in on the company's Series F round, when shares sold for 91 cents each, according to PitchBook. That's a nearly 47-fold return on the round.
Then they did the IPO at $14.00. See everyone back in the $20.00 range soon IMO.
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