The CEO’s memo said: “Based on everything we have learned to date, we feel there is an opportunity to improve our specific process for employees, shareholders and future investors both big and small.”Ĭrudely speaking, Roblox likely believes it can get a better value from the IPO by postponing. WSJ states that “…company officials decided that the gravity-defying performance this week of Airbnb and DoorDash made it too difficult to determine the right price for the videogame company’s shares”. In exchange for all of that content, Roblox shoulders the app store and cloud hosting costs, providing a free (popular) platform to develop games.The Wall Street Journal has reported that Roblox is delaying its IPO to 2021. When someone spends in-game, Roblox gives a 24.5% cut to the game's developer. While games are free, kids pay for virtual currency to upgrade their avatars or get super powers. It's still losing money, but sales grew 68% in the first three quarters of 2020 (from the same period in 2019).īut how does it make those Ro-bucks?.

Roblox now has more than 31M daily users, up from 18M in September 2019.Homebound tweens flocked to the platform for virtual playdates and b-days. ~75% of American kids ages 9 through 12 now play Roblox.Roblox launched in 2006, but exploded in 2020: It's basically the YouTube of user-created games, except it also lets you play/chat with friends.

If you haven't heard of Roblox, that's probably because you're over the age of 15. Online gaming company Roblox just raised $520M from private investors ahead of its public debut, leveling it up to a $29.5B valuation - that's more than 7X its February 2020 valuation.

Roblox ipo date 2020