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Roblox Public, trading March 2021.

Roblox’s Stocks will hit NYSE Next Month. There it is,  has finally decided to go public and begin trading shares next month.

In an SEC filing, the details emerged about  going public “on or about” March 10. it is a famous user-generated games platform specifically for kids who initially planned to file an IPO in November last year.

Roblox Public and starts trading March 2021

Roblox Public and starts trading March 2021

However, now the company has decided to go public via direct listing following the likes of Slack and Spotify. The initial plan of going public by filing an IPO changed when David Baszucki circulated a memo.

Baszucki’s memo said that the company has decided to work with advisers on how to make more improvements for investors and employees before going public. The memo said, “By adopting that accounting position, our revenue will actually be a bit higher, while bookings, DAUs (Daily Active Users), hours of engagement, and cash flow will not change.”

He further added, “It will, however, take us some time to update this change in our financial statements.”

Roblox is now worth (much) more than Take-Two and Ubisoft combined - Best Video Gaming News 2021

Roblox is now worth (much) more than Take-Two and Ubisoft combined – Best Video Gaming News 2021Roblox Public

Besides the Baszucki memo, the plan to go public also got delayed when SEC demanded modifications in the way Roblox accounts for its virtual currency Robux. Now, Roblox says that it has sorted out the issue.

Now, it is all set to join the New York Stock Exchange and has been approved to get enlisted as Class A common stock. Roblox stock exchange symbol is “RBLX,” so keep an eye on this symbol on March 10th.

At the moment, the company’s valuation is $29.5 billion Roblox!

thanks to a new influx of funding via the Series H fundraising round. The funding round raised $520 million which was led by Dragoneer Investment Group and Altimeter Capital. It’s growth trajectory is promising and many were waiting for its shares on the stock market. Let’s see how welcoming a response the game studio gets next month.

Reinout te Brake

In a career spanning across 20+ years, Reinout te Brake has raised over 100+ Million Euros in Fundraising for a diversity of companies and has worked with several venture capitals firms. Helping gaming companies expand their brand reach, get the right story telling and make an impact on a global scale. Reinout te Brake has had the honor to counsel some of the major gaming companies operating on a global scale. For the last 12 years, he has devoted his major focus towards the niche of gaming consultancy to provide his insight and expertise to help gaming companies reach outstanding financial and business results.