What you need to know
- Roblox is an incredibly popular online game that features a huge variety of mini-games and modes.
- Due to the success of Roblox, and the video games market as a whole recently, Roblox's parent corporation is reportedly considering going public.
- This move could drastically raise the estimated $4 billion valuation of Roblox Corporation.
- This would be a big move from the company, with the decision due early next year, in 2021.
Roblox is an interesting game. Despite the memes, internet criticisms, and the constant unfair comparisons to Minecraft (those two games are completely different), Roblox continues to be an inarguable success amongst children, owing to its wide variety of mini-games, game modes, and more. This success, and the growing value of the video games market as a whole during recent months, has led Roblox Corporation to consider going public and entering the stock market, according to a report from Reuters.
This would be a major move for Roblox's parent company, which secured a further $150 million in investments after its last valuation at approximately $4 billion, already making it a large company. According to the report, Roblox boasted of over 115 million monthly active users and 1.5 billion hours spent in-game every month, impressive numbers that begin to rival even those of Minecraft.
Roblox Corporation is considering multiple options for going public, and is expected to make a final decision sometime in early 2021. The company reportedly believes that the move could as much as double its estimated valuation, which could mean big things for the growth of the company as a whole.
What do you think about this move? If Roblox Corporation went public, would you invest in their stocks? Let us know in the comments below!