Roblox’s developers are on pace to earn $250 million in revenue for 2020, more than double its 2019 revenue of $110 million.In July, Roblox announced a few updates about the company. The gaming company is one of Roblox’s top competitors. This trend can be seen in the successful Unity IPO. And for many, video games became a great time-pass, especially children stuck inside. But after more than a decade, why is the Roblox IPO happening now? Why Roblox Stock Is Coming Nowĭuring quarantine, many people turned to new ways to pass the time. Roblox is a popular game, particularly with children aged 7 to 15. We enable anyone to imagine, create and have fun with friends as they explore millions of immersive 3D experiences, all built by a global community of developers. Roblox’s mission is to bring the world together through play. However, in order to do more things and get special items, players can make in-game purchases. It lets users create games and play games made by other users. Released in 2006, Roblox is an online gaming platform and game-creation system. After a year of growth and the success of one of its competitors, Unity (NYSE: U), the company decided it was time for Roblox stock to hit the market.īut is Roblox a good investment opportunity? Here’s what we know… Roblox IPO: The BusinessĬEO David Baszucki and former VP Erik Cassel founded Roblox in 2004. On October 12, a Roblox IPO was confidentially filed.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |