Could Roblox Be a Millionaire-Maker Stock?
Roblox, which lets users program games and play other user-created games on its platform, initially planned to go public this year. But earlier this month, the company postponed its market debut to next year.
The California-based company filed its IPO paperwork in November and was expected to raise $1 billion, with a rumored valuation of $8 billion. That would already be double its latest private valuation of $4 billion -- but Reuters claims Roblox desires an even higher valuation.
Roblox is also reportedly considering a direct listing, in which its insiders will sell their shares to investors. That approach won't raise any fresh funds like a traditional IPO (which issues and sells new shares) would, but it would save money by cutting underwriters out of the loop.