Roblox has delayed its IPO to 2021 to seek a higher price - Business Insider

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Roblox executives have delayed its IPO to 2021 to seek a higher price, after last week's Airbnb and DoorDash IPOs soared

By waiting until next year, it may be possible for Roblox executives to work with underwriters and investors to set a higher listing price, bringing in more cash for Roblox on its eventual IPO day. Roblox stock would be "really, really interesting," wrote Ross Gerber, an investment advisor, on Twitter, before the company delayed.

A potential boost in Roblox's listing price could help the gaming company reverse its slide away from profitability. The company logged a daily average of 31 million users in the first nine months of the year. Those users brought in about $589 million in revenue, but the company still lost $203.2 million in the same period, according to itsThe $203.2 million loss in those nine months was more than it lost in the previous two years combined, with a $97.

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