U.S. gaming platform Roblox prepares to go public

U.S. gaming platform Roblox prepares to go public
  • Roblox Corporation is working with investment banks to prepare for a U.S. stock market listing that could come early next year and which the online gaming platform expects could double its recent $4 billion valuation.
  • Roblox is weighing whether to go public through a traditional initial public offering or a direct listing, the sources said, cautioning that the plans are subject to market conditions.
  • For San Mateo, California-based Roblox, which was founded in 2004, the listing would come after it raised $150 million in February at a $4 billion valuation in a Series G funding round led by venture capital firm Andreessen Horowitz.
  • At the time of the fundraising announcement, Roblox said it had reached more than 115 million monthly active users and more than 1.5 billion hours of monthly engagement.
Tanya Botten
Growth Marketing Manager | Healthcare Savvy | University of Iowa 2020 MBA graduate. Curious to learn more?

This game is popular among kids at my daughter's elementary school especially during the summer. Many kids weren't able to play together in-person so they would meet up and play in this virtual world.