For investors now, this could mean that the Roblox IPO comes at the perfect time.Arm Ltd. Management has said that the pandemic has driven more users to the free-to-play games. Plus, many experts believe this trend will continue to accelerate, especially leading up to the launch of new consoles from Sony (NYSE: SNE) and Microsoft (NASDAQ: MSFT) in time for the holiday shopping season.Īmid the novel coronavirus, games are just simply top of mind. Video games have been a way to pass time, and more importantly, a way to escape the concerns and uncertainty of reality. Along with that, we have seen more consumers than ever turn to gaming. One of the biggest pandemic trends investors have noted is the rise of interest in stay-at-home entertainment plays. Why? The answer to that question can be found in the major trends the company rides. It is clear that we know very little about the Roblox IPO, yet it is generating a ton of buzz on Monday. Roblox also has notched 1.5 billion hours of monthly engagement from those users.Beyond that, investors learned during the Series G round that Roblox has reached 115 million monthly users.Leading up to its IPO, Roblox has said it could double that valuation when it comes public.
At the time, the company had a $4 billion valuation. Roblox completed a Series G funding round in late February through Andreessen Horowitz.The company may be considering both a traditional IPO and a direct listing, which tech peers Palantir (NYSE: PLTR) and Slack (NYSE: WORK) have taken in the past.With that being said, here are some fast facts about the Roblox IPO: Securities and Exchange Commission to come public. What we know now is that Roblox has filed confidentially with the U.S. For investors, much of the specifics of the deal are unclear.
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