Roblox IPO: Here are the facts.
Roblox IPO: Here are the facts
Roblox, the sandbox games that have the hearts of hundreds of millions of players, is about to steal the hearts of a new group: investors. Roblox Corp., the parent company of the game announced Monday that they intended to file for an initial public offering.
“Roblox Corporation (“Roblox”) announced today that it has previously submitted a draft registration statement on a confidential basis to the U.S. Securities and Exchange Commission (the “SEC”) for a proposed public offering of its common stock. The number of shares of Class A common stock to be sold and the price range for the proposed offering have not yet been determined. Roblox intends to commence the public offering following completion of the SEC review process, subject to market and other conditions.”
There is no set date, and this is most of the information we currently have on the offering. However, we know that they will be going on public on one of the two exchanges in New York, likely for a massive evaluation.
Roblox is one of the most popular games in the world. It is said to have over 150 million users since the Covid-19 Pandemic started. It has passed Minecraft, which is a similar concept by over 20 million users. The game is no doubt extremely profitable, both for the developers and it’s players.
One thing that makes Roblox unique is that players can set up independent businesses within the game. This developer community has earned over $250 million, according to Market Watch.
Because the company is currently privately owned, we do not know how much money the company is making. But it will likely list for billions of dollars. To keep updated with Roblox’s IPO, make sure you subscribe to our newsletter to get updates in your inbox.