The firm acquires new users through major app stores and through online media, word of mouth and earned marketing. Roblox has received at least $500 million from investors including Altos Ventures, First Round Capital, Index Ventures, Meritech Capital and Tiger Global Management.

Management is headed by founder, president and CEO David Baszucki, who previously held various roles at Knowledge Revolution.īelow is a brief overview video of Roblox' official 2020 trailer: San Mateo, California-based Roblox was founded in 2004 to create a place for consumers to create, play and interact with others in an online 3D environment. I’ll provide a final opinion when we learn more IPO details from management. RBLX has produced enviable growth in user activity, bookings and revenues, but continues to generate high operating losses.

The firm has created an immersive 3D digital gaming platform for consumers and developers. Roblox Corporation ( NYSE: RBLX) has filed to raise $1 billion in an IPO of its Class A common stock, according to an S-1 registration statement.

Ipo roblox