Roblox IPO 🎮: February Date Direct Listing Confirmed - New $30B Valuation!

Roblox IPO:

Roblox has announced that the company will go public via direct listing instead of a traditional IPO. Additionally, the company announced it has raised $520 million in new Series H funding at a valuation of $29.5 billion ($45.00 per share) led by Altimeter Capital and Dragoneer Investment Group. Roblox plans to file a registration statement with the U.S. Securities and Exchange Commission for a proposed direct listing of its Class A common stock. The number of shares of Class A common stock to be offered by the Company’s stockholders has not yet been determined. Roblox intends to commence the direct listing following completion of the SEC review process, subject to market and other conditions. Alex talks about Roblox's insane valuation growth over the past year and the bright future he thinks the platform company has in store.

Roblox Raises $520M led by Altimeter Capital and Dragoneer Investment Group: https://corp.roblox.com/2021/01/roblox-raises-520m-led-altimeter-capital-dragoneer-investment-group/

Originally Aired: 01/12/21
#Roblox #RobloxStock #RobloxIPO

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Roblox IPO