Media: Roblox is preparing to enter the stock exchange

Another gaming company may appear on the stock exchange. The media report on the plans of the social MMO Roblox to enter the securities market at the beginning of next year. At the same time, the company’s valuation may amount to $8 billion.

CNBC writes about the ongoing negotiations on the listing. According to the publication’s sources, going public will double the company’s current valuation from $4 billion to $8 billion. It should be noted that Roblox received an estimate of $4 billion relatively recently — in February 2020 after a series of G financing, when it attracted $ 150 million of investments.

The company itself declined to comment on the CNBC report, but one of VentureBeat‘s sources confirmed the accuracy of the information received.

According to both media, Roblox is still thinking about the way to appear on the stock exchange — through an initial public offering or a direct listing. The latter, unlike the IPO, does not require the sale of new shares and close cooperation with underwriters. It is reported that Roblox’s decision will depend on market conditions.

Roblox is a multi—user online platform where users can create their own games even if they do not know how to program themselves. At the end of July, the platform’s MAU was 150 million.

Recall that in mid-September, another gaming company announced its entry into the stock exchange. The developer of the Unity engine raised $ 1.3 billion during the trading day, and its market capitalization against the background of the IPO reached $18.1 billion.

Also on the topic:

• Roblox Corp. raised $150 million. The whole company was valued at $4 billionRoblox will pay developers $250 million
• Unity’s valuation reached $18.1 billion after the IPO — twice as much as expected
• Is there any news?