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By Connor Smith Nov. 20, 2020 9:06 am ET - Barron's

Roblox’s initial public offering prospectus is out. The child-friendly videogame platform has seen sales soar amid the pandemic.

Roblox is a platform that offers tools for people to create games. The games itself use blocky graphics, similar to Microsoft’s Minecraft.

The company in February announced a $150 million financing round led by Andressen Horowitz that reportedly valued the company at $4 billion. That was before the pandemic shifted consumer spending to athome entertainment. The platform breaks down into three elements: Roblox Client, where players access 3-D worlds, Roblox Studio, which are tools for developers, and Roblox Cloud, which includes services that power Roblox.

The company said in its filing that during the first nine months of the year, sales soared 68% year-over-year to $589 million. Roblox said it averaged 31.1 million daily active users across 180 countries during the period.

The company plans to list on the New York Stock Exchange under the ticker RBLX. The news follows a recent filing from Airbnb, which is expected to go public in December

By Connor Smith Nov. 20, 2020 9:06 am ET - Barron's Roblox’s initial public offering prospectus is out. The child-friendly videogame platform has seen sales soar amid the pandemic. Roblox is a platform that offers tools for people to create games. The games itself use blocky graphics, similar to Microsoft’s Minecraft. The company in February announced a $150 million financing round led by Andressen Horowitz that reportedly valued the company at $4 billion. That was before the pandemic shifted consumer spending to athome entertainment. The platform breaks down into three elements: Roblox Client, where players access 3-D worlds, Roblox Studio, which are tools for developers, and Roblox Cloud, which includes services that power Roblox. The company said in its filing that during the first nine months of the year, sales soared 68% year-over-year to $589 million. Roblox said it averaged 31.1 million daily active users across 180 countries during the period. The company plans to list on the New York Stock Exchange under the ticker RBLX. The news follows a recent filing from Airbnb, which is expected to go public in December

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