Roblox
- Video game platform Roblox secretly filed for public offering fur, according to a press report on Monday.
- The number of shares to be sold and their price range have not yet been determined.
- The offer could raise the value of Roblocks to as much as 8 billion, Reuters reported earlier this month. Which will double the 4 4 billion it received in the February round of funding.
- The report states that Roblox has not yet decided whether it wants to go public through a traditional IPO or direct listing.
- Visit the Business Insider homepage for more stories.
Popular gaming platform Roblocks announced Monday that it is secretly filing for public offering fur.
A press release said the company had earlier submitted a draft registration to the Securities and Exchange Commission to sell its ordinary shares. The number of stocks to sell and their price rage has not yet been decided.
Roblox’s platform offers users many different games on gaming consoles and mobile devices. Although the platform itself is free, users can spend money on game items.
In July, the company announced that it had more than 150 million active users monthly. Roblox also expects revenue of more than 250 250 million this year, up from 110 110 million in 2019.
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According to the report, Reuters first reported plans to release the Roblocks announcement on October 1st. Roblox was last valued at 4 4 billion in February after raising 150 150 million in a series G fundraiser.
Roblocks has not decided whether to enter the public market through the traditional initial public offering fur or through a direct listing of its October October report.
The latter option has increased in popularity in recent years. Direct listing allows companies to start trading in public without having to sell new shares and reduce the value of the stock. Such a list is not funded.
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