Roblox's IPO Date: What You Need to Know

In early January, gaming giant Roblox announced that it would be going public via a direct listing rather than an initial public offering (IPO). The move raised $520 million from investors led by Altimeter Capital and Dragoneer Investment Group, valuing the company at a staggering $29.5 billion.

This news came after Roblox reportedly told employees that its IPO would not take place until early 2021 due to strong preceding IPOs from companies like Airbnb. The San Mateo-based firm had originally filed for an IPO in November but delayed its public debut for months.

Now, with its recent filing to go public, Roblox is looking to raise money at a valuation of $8 billion, significantly higher than its last round of financing which placed a private market value on the company at $4 billion. In total, Roblox has raised over $335.7 million from eight rounds of private funding.

So, what is Roblox? The platform allows users to imagine, create, and have fun with friends as they explore millions of immersive 3D experiences built by a global community of developers. The company's mission is simple: to bring the world together through play.

If you're interested in investing in this upcoming IPO, download the IPO Wait App to join the wait list. With its recent filing and valuation, Roblox is certainly an exciting opportunity for investors and gamers alike.

Roblox ipo date