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VC-backed Roblox preps for IPO: CNBC

San Mateo, California-based Roblox, an online gaming platform, is working with investment banks to prepare for a U.S. IPO next year, reported CNBC.

San Mateo, California-based Roblox, an online gaming platform, is working with investment banks to prepare for a U.S. IPO next year, reported CNBC. The media outlet noted that Roblox “is weighing whether to go public through a traditional initial public offering or a direct listing.” In February, Roblox raised $150 million at a $4 billion valuation in Series G funding round led by Andreessen Horowitz.

Source: CNBC