Gaming company Roblox announced on Monday that it had confidentially filed with the Securities and Exchange Commission for an IPO
The company has not disclosed its financial information, and the number of shares it would be offered Roblox was recently privately valued at $ 4 billion at the end of February, after venture capital firm Andreessen Horowitz led $ 150 million Series G funding round
Reuters, which first announced the company’s plan to go public, said Roblox expects a listing to double its valuation A Roblox spokesperson declined to comment
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Founded in 2004, Roblox offers users free games on mobile devices and consoles Gamers can buy digital currency called Robux to purchase premium features The company said its platform has seen an increase in the number of ‘users this year due to the Covid-19 pandemic keeping users at home and in need of entertainment Andreessen Horowitz said in February that the platform has reached over 115 million monthly users
This is the latest tech file to be released to the public during a busy season for market debut It follows GoodRx, Snowflake, Palantir, and Unity, among others Airbnb and loan start-up Affirm are also gearing up for a public launch
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Roblox IPO
News from around the world – United States – Roblox confidential files IPO
