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The company did not disclose its financial information or the number of shares on offer. Roblox was last privately valued at $ 4 billion in late February after venture capital firm Andreessen Horowitz led a Series G funding round worth $ 150 million.
According to Reuters, which first covered the company’s plans to go public, Roblox believes a listing could double its valuation. A Roblox spokesman declined to comment.
Founded in 2004, Roblox offers users free games for mobile devices and consoles. Players can purchase Robux digital currency to purchase premium features. The company said its platform has seen a surge in users this year as the Covid-19 pandemic keeps users at home and needs entertainment. Andreessen Horowitz said in February that the platform had reached more than 115 million monthly users.
It’s the latest tech file to hit the public during a busy season for market debuts. GoodRx, Snowflake, Palantir and Unity follow, among others. Airbnb and the credit start-up Affirm are also preparing for a public debut.
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