2/19/2024 0 Comments Roblox files for ipoThe company had 31 million daily active users during the first nine months of the year, up 82% from the same period in 2019, according to the filing. Roblox hosts millions of games that are built by its users, who then get a share of any related revenue. The company will disclose plans for the size and price range for the share sale in a later filing. Securities and Exchange Commission filing Thursday, though that’s a placeholder that will likely change. The size of the offering was listed at $1 billion in a U.S. filed for an initial public offering, aiming to capitalize on a pandemic-fueled sales surge and the growing popularity of its platform. The company is seeking to list its shares on the New York Stock Exchange under the symbol RBLX.(Bloomberg) - Online video-game company Roblox Corp. The offering is being led by Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co. The company’s investors include Altos Ventures, First Round Capital, Index Ventures, Meritech Capital Partners and Tiger Global. She was most recently the president of international at Sony Corp. 30, Roblox lost US$203 million on revenue of US$589 million, compared with a loss of US$46 million on revenue of US$350 million for the same period last year, according to the filing.įounded in 2004, Roblox added media executive Andrea Wong to its board last month. Roblox was valued at US$4 billion in a US$150 million funding round in February that was led by venture capital firm Andreessen Horowitz.įor the nine months ended Sept. The amount of time those users spent engaged on the platform more than doubled to 22 billion hours, the company said. The company had 31 million daily active users during the first nine months of the year, up 82 per cent from the same period in 2019, according to the filing. Securities and Exchange Commission listed the size of the offering as US$1 billion, a placeholder that will likely change. The San Mateo, California-based company in its filing Thursday with the U.S. filed for an initial public offering, disclosing mounting losses and revenue gains.
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