Home Business Unity Software program competitor Roblox confirms confidentially submitting for IPO (NYSE:U)

Unity Software program competitor Roblox confirms confidentially submitting for IPO (NYSE:U)

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Online game platform Roblox has confidentially filed for an IPO, based on a company statement to Bloomberg.

The variety of shares and value for the providing weren’t revealed.

Final week, Reuters reported that Roblox would search an $8B valuation, double the valuation throughout a $450M personal investing spherical in February.

Roblox makes freemium video games and operates Roblox Studio, a free sport creation system that competes with just lately listed Unity Software program (NYSE:U).

Beforehand: Unity competitor Roblox considering U.S. IPO – Reuters (Oct. 01 2020)