TECH ROARS BACK

Roku IPO up 68%

Investors appear to have a new-found appetite for tech.

Streaming player Roku, its initial public offering priced at $14 a share at the top of its range, saw its shares soar nearly 68 percent on its first day of trading on Thursday.

At the same time, Rovio Entertainment, the maker of the popular “Angry Birds” game, saw its IPO, too, priced at the top of its expected range. At 11.50 euros, Rovio is now worth $1 billion.

Plus, ride-hailing service Lyft is gearing up to go public while its chief rival, Uber, is still licking its many self-inflicted wounds.

The positive tech news contrasts with recent headlines that saw Blue Apron in June price at the low end of its range and then tumble 45 percent through Thursday. And Snapchat parent Snap Inc.’s has fallen 41 percent fromits March IPO.

But Roku, Rovio and Lyft are making tech investors happy again.

“There has been a lot of pent-up demand,” Triton Research’s Everett Wallace told The Post. “There was a real scarcity in the market. So when there’s something to buy, and it’s priced right, it blows up.”

Shares of Roku soared 67.9 percent, to $23.50, on their first day of trading— plus another 3.8 percent, to $24.39, in after-hours trades as investors bet the company could hold off competition from Apple, Google and Amazon.

Roku’s stock raised $219 million and gave the company a valuation of $1.3 billion.

Over the past few years, Roku has generated more and more revenue from advertising and subscription share on its platform rather than relying just on the sale of its players.

Nearly 50 cents of every dollar of revenue comes from advertising and subscriptions, it said in a filing.

Thecompany isable togive advertisers access to an engaged audience and is the operating system that gets built into many smart TVs.

According to Kathleen Smith, principal at IPO ETF manager Renaissance Capital, it is for this reason that Roku need notworry that it is competing with streaming players from tech juggernauts Apple, Amazon and Google.