That's exactly why I want to talk to you about the Roblox IPO. But another industry is quietly thriving in this new economy too: video games. (NASDAQ: ZM) taking off thanks to new remote work trends. You already know about success stories like Zoom Inc. The COVID-19 pandemic sent the economy reeling, but some industries have thrived. The direct listing is not underwritten, but Goldman and Morgan Stanley are serving as financial advisors.Leave a Reply Click here to cancel reply. The San Mateo, CA-based company plans to list on the NYSE under the symbol RBLX. Roblox was founded in 2004 and booked $761 million in sales for the 12 months ended September 30, 2020. Roblox did not provide preliminary 4Q20 results, but with the listing tentatively scheduled for March, it will need to file its audited results for fiscal 2020 before going public.

As restated, revenue during the 9mo20 increased 70% y/y, compared to a 68% increase in the company's previous filing.

Bookings was unchanged, while revenue and cost of revenue both increased 3-4% across all periods presented. The restatements did not have a material impact on the company's financials.

The company is now expected to list sometime in March. The company had planned to list in February, before the SEC asked it to revise its revenue recognition around the purchase of in-game currency. Roblox originally filed for a $1 billion IPO in November 2020, but instead raised private capital at a $29.5 billion valuation in January 2021 and re-filed its registration documents for a proposed direct listing on the NYSE.

Roblox, an online platform where users can develop and play video games, reported its restated financial results for the nine months ended September 30, 2020, in an amendment filed with the SEC on Thursday.

Roblox ipo valuation