![]() Update: Roblox is expected to start trading on March 10th, 2021.Here’s what we know about the Roblox IPO, including why the Roblox IPO date has been postponed to 2021. Now, they’re looking to take the company public through an initial public offering (IPO). Roblox, an online gaming platform geared toward youth, has been able to take advantage of the industry’s rapid development. While some of this 9.3% year-over-year increase is natural industry growth, a lot of it has to do with the COVID-19 pandemic that’s kept people in their homes and in need of an entertaining respite. However, the game posted a $203 million net loss through Q3, four times the loss in the same period last year.In May 2020, Reuters reported that the video gaming industry would top a record revenue of $159.3 billion by year’s end. Roblox had 31.1 million daily active users through the first three quarters of 2020, up 82% year-over-year, and generated $589 million in revenue for that period of time, up 68% year-over-year. The virtual phenomenon, regularly played by an estimated 75% of children aged 9-12, has exploded this year. Reports early this year suggested that Roblox could garner an $8 billion valuation when it goes public. Airbnb rose from an IPO price of $68 to $144.71 per share a day later.9 with an IPO price of $102, but closed the day at $189.51 per share How the DoorDash and Airbnb IPOs performed: It will now look to raise its IPO price with a potential listing early next year. ![]() The user-generated gaming platform filed with the SEC to go public on Nov. Roblox is delaying its IPO until 2021 following huge public debuts from DoorDash and AirBnB last week.
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