The reason for that skyrocketing valuation is that the company saw huge increases in players during the pandemic. Though it chose not to raise money today, Roblox itself still has plenty of cash, as it brought in $520 million in private funds last month at a $29.5 billion valuation, which was seven times its value from a funding round from nearly a year before. It’s nice to just take the moment for today to reflect on that.” “We don’t normally take these moments to touch the trophy. “It’s a nice moment to step back,” said Roblox chief business officer Craig Donato in an interview with GamesBeat today. Shares are already trading above $70 a share. The shares are trading under the RBLX stock symbol on the New York Stock Exchange. This story first appeared on ‘s employees and shareholders sold more than 388.2 million shares out of a total 650 million available. That's seven times higher than the $4 billion valuation the firm attracted less than 12 months previously. “We’ve decided to take this opportunity to work with our advisers to see how we can make such improvements.”Įarlier in January of this year, Roblox confirmed it would be going public via a direct listing following a Series H funding round – which saw the firm bring in $520 million – that valued the company at a whopping $29.5 billion. “We’ve seen companies take innovative approaches to creating a more market-based relationship between investors and companies,” CEO Dave Baszucki ( pictured) wrote. The company was initially planning on becoming a listed company last year, but bumped its IPO until 2021 thinking that it could raise more money in waiting. Word that Roblox was going public broke in November 2020, following rumours that the firm was doing an IPO the previous month. This allows a company to sell stocks directly rather than going through a lot of intermediaries.Ĭompanies doing this don't need to register with the SEC, but of course, Roblox has already done this. Roblox isn't going public via an IPO, but rather is doing what's known as a direct listing. Games creation platform Roblox is finally headed to the stock market at the beginning of next month.Īccording to an amendment to its S1 form with the United States Securities and Exchanges Commission (SEC), the company's shares will be available on the New York Stock Exchange "on or about" March 10th under the RBLX symbol.
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