Roblox goes public via direct listing, soars to $38 billion valuation

Polycount

Posts: 2,827   +574
Staff member
In brief: Roblox is one of the most popular online gaming platforms out there. It lets users create and play their own custom minigames using Roblox's intuitive, Lego-like building mechanics, simple Lua scripting language, and a plethora of user-made content. Now, after over 15 years of operation and two delays, the platform is finally ready to take itself public via a direct listing.

Roblox was valued at about $29.5 billion in a January funding round, though its true public value was up to the market to decide. On its first day of trading, Roblox got a big 40% bump giving the company a market cap of just over $38 billion.

This is big news for Roblox, as well as its more avid fans. Interested parties can check out the company's full SEC filing here. The prospectus lays out the details of Roblox's business model and financials -- it earned $924 million in revenue throughout 2020 -- as well as some of the risks and challenges it will face as a public company.

For example, since Roblox has a history of net losses, the company acknowledges that it may struggle to "achieve or maintain" profitability in the future.

Roblox, like most other software companies, was adversely affected by the pandemic on the development side, and those disruptions likely won't abate soon. However, the pandemic had the opposite effect in terms of user growth. A year ago, Roblox was celebrating that it had reached 115 million monthly active users (MAU), but then it added some 80 million users in 2020 alone, so the official count is close to 200 million MAU as of writing.

If you truly believe in Roblox as a platform or as a company, you can now get your piece of the pie. Roblox is trading on the NYSE under the RBLX symbol.

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Danny101

Posts: 1,557   +667
If it wasn't for my nephews, I wouldn't have heard about Roblox. And they came like a storm. I thought it was just a game. No. It's a platform.
 

kmo911

Posts: 306   +34
Please make lumber tycoon 2 more easy give US boats and walk under water. like a turtle in water they drowns in turtles NEs game. is so lol. boat and a automap. building bridges. and a autoban system and a password protection against annoying guys. when on 13+ there should only be 1-13+ on those servers. and a bmp jpg tif jpeg movie system to send to admins. movies can be recorded in 4k 8k and directly sendt to facebook account youtube. make areas that are difficult to arrive to and make cars with holds onto tings when you driving. and a auto respawn of ax best red one. and a help mode when the game crashes out for no reason somehow a BLACK box help that admins can acess whole time. newer loosing ax or skill. better jumping and climbable latters allower. put up im a left or right driver and make it for them easier to play that way. annoying left right drive and a led light that says im going to left and right and driving bacward sign. 2009 must be 2021 unreal engine 5.0 gpued.
 

theruck

Posts: 285   +132
Please make lumber tycoon 2 more easy give US boats and walk under water. like a turtle in water they drowns in turtles NEs game. is so lol. boat and a automap. building bridges. and a autoban system and a password protection against annoying guys. when on 13+ there should only be 1-13+ on those servers. and a bmp jpg tif jpeg movie system to send to admins. movies can be recorded in 4k 8k and directly sendt to facebook account youtube. make areas that are difficult to arrive to and make cars with holds onto tings when you driving. and a auto respawn of ax best red one. and a help mode when the game crashes out for no reason somehow a BLACK box help that admins can acess whole time. newer loosing ax or skill. better jumping and climbable latters allower. put up im a left or right driver and make it for them easier to play that way. annoying left right drive and a led light that says im going to left and right and driving bacward sign. 2009 must be 2021 unreal engine 5.0 gpued.
finally someone wrote it here! I hope that the developers take actions ASAP!
 

Lounds

Posts: 738   +639
The problem with Roblox is eventually the fad might die out. Kids are very fickle and something new will always come out that will replace it's hype.
 

Hexic

Posts: 912   +1,213
TechSpot Elite
The problem with Roblox is eventually the fad might die out. Kids are very fickle and something new will always come out that will replace it's hype.

The fad very well may die out - but that applies to any game or service provided.

The fact that 15 years into creation, this service has 150 million monthly active users to date, hasn’t died down and beating active player counts for most gaming services out there.. Leads me to believe this would be a potentially excellent investment opportunity.

Roblox is an absolute monster in the industry, bigger than most.
 

bexwhitt

Posts: 527   +217
The problem with Roblox is eventually the fad might die out. Kids are very fickle and something new will always come out that will replace it's hype.
Roblox has been around for an awfully long time clearly it has something that fetches in new players to the platform to replace those that leave.
 

alexnode

Posts: 57   +19
Well it's probably going down that's why they are doing an IPO , Zynga kind of disappeared...some obscure casino games and a few buyouts.
 

Plutoisaplanet

Posts: 394   +546
Nah, this article did appear weeks ago. I wonder if they had a reason to repeat this article. Maybe for advertising.
It went public today. A few weeks ago the news was that Roblox was going to go public. Instead of writing up a new story, they just updated the article to be relevant today. Notice the URL ends with "roblox-plans-go-public-march-10-direct-listing".