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)