Roblox confidentially files to go public
On the internet gaming company Roblox.
Lionel Bonaventure | AFP | Getty Visuals
Gaming firm Roblox introduced Monday it confidentially filed with the Securities and Exchange Fee to go community.
The firm failed to disclose its financial details and how several shares would be supplied. Roblox most not too long ago was privately valued at $4 billion in late February, immediately after enterprise funds company Andreessen Horowitz led a $150 million Series G funding spherical.
Reuters, which initial noted the company’s plans to go general public, reported Roblox expects that a listing could double its valuation. A Roblox spokesperson declined to comment.
Founded in 2004, Roblox offers buyers no cost-to-perform game titles across cell units and consoles. Gamers can invest in electronic forex called Robux to purchase premium options. The firm said its platform has witnessed a improve in customers this year because of to the Covid-19 pandemic trying to keep users at household and in need to have of amusement. Andreessen Horowitz said in February that the system arrived at additional than 115 million month-to-month customers.
It is the most recent tech file to go public in a busy time for current market debuts. It follows GoodRx, Snowflake, Palantir and Unity, among many others. Airbnb and lending start off-up Affirm also are preparing for a community debut.
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