![]() The deal gave Roblox a $29.5 billion valuation. The shares will trade under the ticker ‘RBLX’ on the New York Stock Exchange.Īs you may or may not know, Roblox raised $520 million from investors in a private funding round. After shelving an IPO in December, video game developer Roblox is slated to go public through a direct listing of shares on March 10. stock market, there are still some that you just might want to consider. Despite the premium valuation in the U.S. And investors would probably be better off picking only a few that are the fittest. has already announced its intentions.Yet for every big success like that, there are dozens of failures. Grocery-delivery company Instacart is reportedly considering the direct-listing route while Coinbase Global Inc. More and more companies have opted for direct listings to go public, such as Spotify Technology SA SPOT, Has risen 41% and the tech-heavy Nasdaq Composite Index Has surged nearly 130%, while the S&P 500 index As of Tuesday’s close, the Renaissance IPO ETF The past 12 months have been kind to companies going public. The company seeks to grow out its business by retaining its pre-teen users as they grow older while appealing to new users already in their teens or young adulthood. ![]() ![]() Roblox reported revenue of $923.9 million and a loss of $257.7 million in 2020, compared with revenue of $508.4 million in revenue and a loss of $71 million in 2019, and revenue of $325 million and a loss of $88.1 million in 2018. Read: Roblox is going public: 5 things to know about the tween-centric gaming platform The company pivoted to plans for a direct listing from a planned IPO back in January after getting a fresh venture-capital infusion of $520 million that valued the company at $29.5 billion. The public debut of Roblox has been anticipated since word of an IPO began circulating in October. In its latest filing, Roblox said nearly 199 million Class A shares had been registered for resale, for a total of about 388.2 million available shares. ![]() ![]() In a direct listing, current stakeholders convert their ownership into stock based on trading prices in private markets. Sidestepping the initial public offering route, the the tween-centric gaming platform decided to go public through a direct listing, which differs from an IPO in that shares are not backed by underwriters. ![]()
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