![]() ![]() The company had 31 million daily active users during the first nine months of the year, up 82 per cent from the same period in 2019, according to the filing. Roblox hosts millions of games that are built by its users, who then get a share of any related revenue. The company will disclose plans for the size and price range for the share sale in a later filing. Securities and Exchange Commission listed the size of the offering as US$1 billion, a placeholder that will likely change. The San Mateo, California-based company in its filing Thursday with the U.S. filed for an initial public offering, disclosing mounting losses and revenue gains. Pick up my sci-fi novels the Herokiller series, and The Earthborn Trilogy, which is also on audiobook. Roblox is only just getting started after 15 years, and it will remain a key part of the gaming landscape indefinitely, that much is clear.įollow me on Twitter, YouTube, Facebook and Instagram. ![]() I don’t know what Roblox’s stock will do going forward, but the future of the industry is going to be built on the backs of games like this, and it’s why Microsoft buying Minecraft several years ago for $2.5 billion looks like a steal. Is a $40 billion market cap overvaluing Roblox? Should a company with a single free to play game be worth twice what the maker of GTA 5 is worth, the best-selling AAA game of all time by several orders of magnitude? That’s something for the stock market to sort out, but there’s no question that Roblox has put the time in to warrant this kind of success, and it has quietly been amassing a truly astonishing amount of players including being the main gaming experience for hundreds of millions of children worldwide. ![]()
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