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Roblox Files for IPO as Pandemic Drives Video Game Growth
- Video-game platform lists $1 billion as placeholder for IPO
- Pandemic boosts popularity, revenue for Roblox and peers
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Online video-game company Roblox Corp. filed for an initial public offering, aiming to capitalize on a pandemic-fueled sales surge and the growing popularity of its platform.
The size of the offering was listed at $1 billion in a U.S. Securities and Exchange Commission filing Thursday, though that’s a placeholder that will likely change. The company will disclose plans for the size and price range for the share sale in a later filing.