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Video-Game Giant Roblox Is Preparing IPO, Reuters Reports

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Roblox Corp. is working with banks on an initial public offering, according to Reuters, in a move that would let the video-game developer capitalize on its surge in popularity during the pandemic.

The listing could happen in early 2021, Reuters reported, with the company aiming for a $8 billion valuation. Roblox is pondering whether to do a traditional IPO or a direct listing, according to the news service, which cited unidentified people familiar with the plans.