Roblox officially enters the stock exchange

Rumors that the social MMO Roblox is preparing to appear on the stock exchange have been confirmed by facts. The company has submitted an application for a public offering of shares.

Yesterday, Roblox announced in a blog post that it has sent a draft registration statement to the U.S. Securities and Exchange Commission. The corporation plans to start entering the stock exchange after the Commission finishes checking the documents, but “taking into account market and other conditions.”

The price and number of shares have not yet been determined.

It should be noted that in February 2020, Roblox attracted $ 150 million in investments, after which the company’s valuation increased to $ 4 billion. According to CNBC, the capitalization of Roblox could double if the corporation really goes public.

Also on the topic:

• Media: Roblox is preparing to enter the stock exchangeRoblox Corp.
• raised $150 million. The whole company was valued at $4 billionRoblox will pay developers $250 million
• Is there any news?