The offering could peg Roblox's valuation as high as $8 billion,reported earlier this month. That would double the $4 billion valuation it received in a February funding round.
Roblox hadn't yet determined whether it wants to go public through a traditional IPO or a direct listing, according to the report.The company previously submitted a draft registration with the Securities and Exchange Commission to sell shares of its common stock, according to aRoblox's platform offers users several different games across gaming consoles and mobile devices. Though the platform itself is free, users can spend money on in-game items.
Roblox hadn't decided whether to make its public-market debut through a traditional initial public offering or a direct listing as of the early October report. The latter option has grown in popularity in recent years. Direct listings allow firms to begin trading publicly without selling new shares and watering down the stock's value. Funds aren't raised in such listings.
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