What were the advantages and disadvantages of Roku going public? What were the advantages and disadvantages of going public at the time it chose?

 Would you recommend that Portland Capital Management take a substantial position in the Roku offering assuming a $14 offering price. 5. The case is explicit about the number of shares that should be used in the valuation, including adjustment for dilution. Where does the 116.469 million share number come from? Why is dilution important?