Roblox RoBeats Coins California-based gaming platform Roblox Corporation is reportedly preparing to go public and will pursue a listing on a US stock market at a valuation of approximately USD$8bn (£6.2bn). This would double the valuation it attained at its previous funding round a USD$150m Series G injection led by Andreessen Horowitz in February thus year. At the time of the previous funding round the platform was estimated to be generating 1.5 billion hours of player engagement each month with half of US children aged 9-12 playing Roblox games.
Roblox is weighing whether to go public through a traditional initial public offering or a direct listing the sources said cautioning that the plans are subject to market conditions.The sources requested anonymity as the plans are private. Roblox declined to comment.
“We are creating a new team within Roblox led by Imbellus’ visionary founder Rebecca Kantar to build a system on Roblox for fair and objective assessments that will help us broaden our sources of potential talent from more diverse backgrounds,” a Roblox spokesman said in an emailed statement.
Roblox has had a great 2020 with some of its popular games hitting spectacular records. Roblox RoBeats StarsFor instance Adopt Me! hit a peak of 1.615 million concurrent users and 10 billion visits in H1 2020. Piggy had over 5,000 plays by the end of July 2020 following its January 2020 launch. Roblox developers expect to earn $250 million on the hub in 2020 up by 127% from 2019’s $110 million. Its monthly active users increased from 115 million in February to 164 million in July according to RTrack.
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