Roku Inc.’s initial public offering topped $250 million after underwriting banks sold extra shares, the company revealed Monday. With the sale of the so-called greenshoe, extra shares made available to the banks beyond the stated IPO target, Roku sold slightly more than 18 million shares at $14 apiece to pull in about $252.3 million. The company does not receive all of that money, as venture investors sold 7.67 million of those shares while Roku received proceeds from the sale of 10.35 million shares, or $144.9 million. Roku shares enjoyed the biggest first-day pop of any large IPO in 2017 Thursday, and more than doubled its IPO price at times during its second day on Wall Street, but shares pulled back for a loss of 11% Monday and closed at $23.56.
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