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
(post is archived)