After delaying plans to go public, video game company Roblox Corp. he now says he will keep a direct list of his actions on March 10, a move that comes at a time of increased demand for home entertainment and online social experiences.
Roblox, based in San Mateo, California, originally planned an initial public offering last year, but suspended after company officials decided that Airbnb Inc.’s strong business debut. and DoorDash Inc. they made it too difficult to determine the right price for their shares.
In January, Roblox announced a change of course, saying it had opted for a direct list. He also said he had raised more than half a million dollars at a valuation of $ 29.5 billion for the company, a seven-fold increase from a round of funding less than a year earlier.
However, Roblox’s listing plans came up with another problem earlier this month, when the Securities and Exchange Commission requested changes to the way the sale of virtual currency called Robux was accounted for. . The company said these issues have already been addressed.
Roblox, founded in 2004, creates a free online platform with tens of millions of games. The company’s user base soared through the pandemic, as home stay orders meant more people spent time online. Last year it accounted for about 33 million daily active users, up from 18 million the previous year.