Roblox IPO Postponed Into 2021
Online gaming hub Roblox filed to go public Nov. 19 and most recently updated its IPO prospectus on Dec. 1 with plans to go public before the end of the year. But now, Roblox will postpone its IPO into 2021.
Analysts had forecast that if Roblox went public this year, its value could easily reach $8 billion -- twice what investors value the company at in a recent round of private fund-raising. But as The Wall Street Journal reported Friday, the explosive IPO action last week surrounding Airbnb (NASDAQ: ABNB) and DoorDash (NYSE: DASH) have given Roblox second thoughts.
Specifically, greedier thoughts.
Source Fool.com
