Are you wondering When Does Roblox Go Public? Yes, the gaming platform has already filed to go public. It might not come as a surprise as Roblox has been growing at a fast pace over the past few months. Please read on as we fill you in on the details of its IPO.
Roblox has seen a considerable revenue generation this year and is a very well known platform. As the gaming platform is child-friendly, it gained quite a bit of popularity in the United States as well. This article will tell you in detail about this.
Roblox is an online gaming platform that offers its users a wide variety of games to play. It is available to users free of cost, so you don’t pay to access the service as such.
However, there are in-game purchases using a virtual currency called Robux and also a subscription-based service called Roblox premium, that amounts for the bulk revenue for Roblox. The game is viral among kids across the world, especially in the United States.
There is also a Roblox Studio for people to create their games which that then be made available to other players.
When Does Roblox Go Public?
Roblox has already filed to go public in October, and now that it published the S1 document, the stand seems quite firm. As far as the numbers are to be considered, Roblox is proliferating quickly. There was a 56% increase in revenue in 2019 and a 68% increase in the initial three quarters of 2020, resulting in $588.7 million in revenue. It also encountered losses of $203.3 million during the same time interval.
Its Initial Public Offering (IPO) filing states that the platform had 36 million users who spent $700 million in the first three quarters of 2020. Please stay tuned to know more about When Does Roblox Go Public?
Many of the gamers started developing games using Roblox and now make great money from the platform. The S1 document has information about who owns how much of the company and so states who will make the most money. The principal stakeholder is Altos Ventures, followed by Meritech Capital, Index Ventures, Tiger Capital and finally First Round Capital.
There is no guarantee that Roblox will be able to sustain the growth as times are getting back to normal and so this will not be such a smooth path for the company.
Roblox platform is kids-friendly, and for as long as it keeps to provide an environment that is safe for kids, there is no stopping its growth. Since the company going public has made headlines, many people have been searching – When Does Roblox Go Public?
Even though 2020 has been extraordinary for Roblox, it was partly due to COVID, and we can’t be sure if it will continue to enjoy the same growth post this period.
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