- Roblox is currently valued at $4 billion
- It raised $150 million in series G funding in February
- Roblox has more than 100 million monthly active users
Gaming platform Roblox is getting ready to go public on the U.S. stock market early next year, a move which may double its current valuation of $4 billion, Reuters reported.
The gaming company is in talks with investment banks to gauge whether it should debut on the market through a conventional initial public offering (IPO) or a direct listing, the report quoted sources as saying on the condition of anonymity. The company declined to comment to Reuters.
In an IPO, shares are created, underwritten an sold to the public, while in a direct listing, outstanding shares are sold with no underwriters involved. This is a rare method, which does not dilute the ownership of existing stakeholders.
This week, software maker Asana (NYSE: