Mobile Gaming Company Roblox Files to Go Public
Roblox, an online gaming platform, announced today that it has filed a confidential draft S-1 registration statement with the Securities and Exchange Commission (SEC), the first step toward an initial public offering (IPO) of its stock. Due to the confidential nature of its filing, the filing isn't yet available for review, but the company could go public as soon as early next year.
As a result of the pandemic, many consumers have turned to home entertainment and video games to pass the time. Roblox believes it could achieve a valuation as high as $8 billion, more than double the $4 billion it fetched in a recent round of fundraising on the private market.
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Source Fool.com
