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It Looks Like Roblox Corp. is Planning an IPO

Papers filed with the SEC

Poorna Shankar Updated: Posted:
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It looks like Roblox Corporation, the kid-focused game creation platform, is planning an IPO.

The details arrive via Market Watch which states that the company provided a disclosure on Monday of a filing with the Securities and Exchange commission with the prospect of an IPO, or an initial public offering.

If you’re unfamiliar with Roblox, it’s primarily focused on kids and on creating LEGO-like avatars. Games include Adopt Me! and Piggy. They also provide dev tools which are predicted to earn roughly $250 million by year’s end. The popularity of this platform has gone up during the last year’s pandemic. In fact, they had announced in July that they experienced over 150 million monthly active users.


ShankTheTank

Poorna Shankar

A highly opinionated avid PC gamer, Poorna blindly panics with his friends in various multiplayer games, much to the detriment of his team. Constantly questioning industry practices and a passion for technological progress drive his love for the video game industry. He pulls no punches and tells it like he sees it. He runs a podcast, Gaming The Industry, with fellow writer, Joseph Bradford, discussing industry practices and their effects on consumers.