Roblox, a gaming company, already announced its IPO and was about to get listed in 2020. In January 2021, the company reviewed its financial data and said it preferred DPO over IPO, as the indicators came better than expected.
On February 22, Roblox updated its application and announced the preliminary first trading day in the NYSE: March 10.
About Roblox: Roblox develops video games and also owns a platform, where both amateur and professional developers can create their own games.During the pandemic, the platform was also actively used for educational purposes, such as to teach kids physics and programming. As a result, the website traffic in the first nine months of 2020 increased by 82% compared to the same period in 2019.
Within the latest private investing round, the company's value rose from $4B to $29.50B.
Stay tuned! Once trading starts, Roblox shares will be available for purchase on freedom24.com online store.