News Roblox valued at $30 billion, plans direct listing

[Nightrider]

Roblox Corp said on Wednesday it aims to go public through a direct listing, instead of an initial public offering (IPO) as originally planned, and has raised new funding in a deal that values the U.S. gaming platform at nearly $30 billion.

In a statement, Roblox said it had raised around $520 million in a new Series H private fundraising round led by Altimeter Capital and Dragoneer Investment Group.

The funding round valued Roblox at $29.5 billion, more than seven times the $4 billion the company was valued at in its Series G round 11 months ago.

Gaming site Roblox valued at $30 bln, plans direct listing

Roblox Corp said on Wednesday it aims to go public through a direct listing, instead of an initial public offering (IPO) as originally planned, and has raised new funding in a deal that values the U.S. gaming platform at nearly $30 billion.

www.reuters.com

 

[Ash]

It will be interesting to see what happens. Not sure it's something I would invest in right now

 

[Demon_skeith]

Wow, hard to believe its valued at so much. lucky owners.