Roblox is preparing to go public through direct listing

Roblox
Roblox is preparing to go public through direct listing.

Roblox that preparing to go public last year, shared a new statement on Wednesday. The famous online gaming company announced that it has raised $520 million in a private financing round and will soon go public through a direct listing.

According to the statements, the company recently completed a new Series H fundraising round worth around $520 million led by Altimeter Capital and Dragoneer Investment Group.

Thanks to this influx of funding, the company’s valuation has increased to approximately $29.5 billion.

Roblox had also filed to go public late last year. However, the valuation of the company, which received an investment of 150 million dollars in February, was 4 million dollars. Stating that it was aiming to get a higher public offering price, the company delayed its its debut to 2021.

As a result, Roblox, which reached its target in a short time, managed to increase its valuation from $4 billion to $29.5 billion.

Roblox will allow existing shareholders and employees to sell shares to new investors on day one.

Roblox
Roblox managed to increase its valuation from $4 billion to $29.5 billion.

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The game industry continues to grow rapidly through established partnerships and acquisitions. Not only on a global basis, but also in our country, remarkable acquisition are made every year. We continue to compile all these developments for you and share them day by day. Stay tuned to Mobidictum.biz to find more developments from the mobile gaming industry!

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