Roblox IPO

Emailed on October 2, 2020 in The Friday Forward

Roblox, a San Mateo, Calif.-based gaming platform for tweens and teens, is prepping an early 2021 IPO or direct listing at what could be double the $4 billion valuation it secured earlier this year, per Reuters.

If you have a kid, chances are you understand how big of a deal this game is. Roblox said in its February funding announcement that it has more than 115 million monthly active users and over 1.5 billion hours of monthly user engagement. And, remember, that was before the pandemic.

Roblox has raised $335 million since its 2004 founding. Backers include First Round Capital, Altos Ventures, Meritech Capital Partners, Andreessen Horowitz, and Index Ventures.