Popular video game platform Roblox announces public offering that could value the company at $8 billion | Markets Insider

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.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

How a memo made Coinbase into exactly what its CEO wanted to avoid - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. brian_armstrong chainlink $link If that worked get rid of the all the troublemakers, good idea, needs to become a corporate standard. (No comment on the business of the company). Lol, COinbase is a joke. US people doesnt like them at all.
Source: BusinessInsider - 🏆 729. / 51 Read more »

70% of video game revenue in world's top market comes from China's smaller cities, report findsVideo games are booming in China's smaller cities, with citizens there accounting for more than half of revenue nationally, according to a recent report by Niko Partners. Any investing tips that can be extrapolated out of this tweet would be appreciated Satantic
Source: CNBC - 🏆 12. / 72 Read more »