The gaming platform features a variety of “3-D digital worlds” that are built by users and developers, providing virtual communities where users can play with friends, and has become even more popular with millions of tweens and teenagers glued to their mobile devices during the COVID-19 pandemic. That was followed by reports that the company was butting heads with the SEC over how it recognizes revenue from the sale of its Robux currency, further delaying the process. The story changed once more in early January, when Roblox decided it would go the direct listing route instead and scooped up $520 million from investors led by Altimeter Capital and Dragoneer Investment Group, valuing the company at $29.5 billion. Then, Roblox r eportedly told employees it wouldn’t launch the IPO until early 2021 because strong preceding IPOs from Airbnb Inc. 19 after disclosing its plans the previous month. The San Mateo, Calif., company originally filed for an IPO on Nov. Roblox had delayed its public debut for months.

When will roblox ipo be available