Roblox to begin trading shares in March

first_imgRoblox to begin trading shares in MarchThe popular games platform is getting ready for its direct listing following a delay last DecemberEric Van AllenMonday 22nd February 2021Share this article Recommend Tweet ShareCompanies in this articleRobloxRoblox, a popular user-generated games platform, will host a direct listing of its shares “on or about” March 10, according to an SEC filing.Roblox Corp. was expected to join the New York Stock Exchange at the end of 2020, following a filing for an IPO in November; however, the company is planning to go public through a direct listing, rather than an IPO as initially planned.Plans changed when, according to a memo from chief executive David Baszucki, the company decided to work with advisers on how to make improvements for employees and investors prior to going public.Related Jobs3D Artist – Mobile Studio – Midlands UK & Europe Big PlanetProducer Indie Game Studio France UK & Europe Big PlanetSenior C++ Unreal Programmer – PC and Console Studio – Austria South East Big PlanetDiscover more jobs in games These plans also hit a snag earlier this month when, as reported by The Wall Street Journal, the SEC requested changes to how Roblox accounts for the sale of Robux, its virtual currency, which the company says it has addressed.The company has been approved to list its Class A common stock on the New York Stock Exchange with the symbol “RBLX.”In January, a new influx of funding through a Series H fundraising round brought the company’s valuation to around $29.5 billion.Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Publishing & Retail newsletter and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesRoblox closes first day of trading with $38b market capSocial gaming platform opened at $64.50 a share — nearly $20 above the NYSE reference priceBy Matthew Handrahan 2 months agoRoblox to go public through direct listing, not IPONew fundraising reportedly brings the company valuation to nearly $30 billionBy Rebekah Valentine 4 months agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.last_img read more