Roblox goes public with an initial value of $ 4 billion: The popular digital gaming platform in which millions of kids around the world participate intends to go public in order to get more financing.
Roblox is a resounding success; a digital platform for virtual games in which millions of players and developers participate to shape a community-oriented to the participation of a child audience. And its enormous growth during 2020 pushed its creators to take the company public and go public. Its initial value: 4,000 million dollars.
The game’s popularity exploded during the coronavirus pandemic, but it’s been around since 2006 when Roblox Corporation released it for PC only. Users multiplied, going from 60 million in 2018 to 158 million today, and the game, which is supported by in-game microtransactions, is valued at around 4,000 million dollars, according to Reuters.
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For this reason, and after having expanded to mobile devices, both iOS (in 2012) and Android (2014), and having arrived on Xbox One in 2016, the owners of the rights to the game are ready to take a step. plus: go out on the stock market.
The game had a strong investment of 150 million dollars at the beginning of the year by a private investor and that helped it to take a leap. Now, in order to achieve funding greater than that based on user expenses, Roblox Corporation will go public with its initial value of 4,000 million dollars, which it hopes to be able to quickly overcome to invest in development.
Everything you need to know about Roblox, the game all the rage among boys
Roblox is a compatible digital platform for Xbox, PC and mobile devices with iOS and Android operating systems in which millions of users participate online in games created by the community itself, all of the multiplayer and aimed at a child-youth audience. Adventures, creativity, construction, sports and whatever else you can imagine so that children can have fun with their friends since it allows users to enter the same rooms. Stay in touch with freerobux generator and get the latest updates here.