4 Reasons to Be Excited for the Roblox IPO
Roblox, the gaming platform and app that lets users play as well as create and share their own games, initially planned to go public via a traditional IPO last December. But it postponed that offering and subsequently announced it would launch a direct listing in February instead.
However, Roblox's direct listing was recently postponed again after the Securities and Exchange Commission raised questions about how it recognizes its revenue from Robux, the platform's virtual currency.
As a result, it's still unclear when Roblox, which was valued at $29.5 billion after its latest funding round, will ever hit the market. But despite those setbacks, I'm still excited about Roblox's market debut, for four simple reasons.
Source Fool.com
