The latest round values the company at $29.5Bn and received a cash injection of $520m, which has been led by investors Altimeter Capital and Dragoneer Investment Group. Roblox had looked to treat all the revenue the same and amortize it over the duration of its paying user accounts, which is around two years.Roblox a gaming platform that was born as an early physics engine and created by Eric Cassel and David Baszucki, has delayed its plans for a 2020 IPO (initial public offering) and has instead booked a large private round. Players use Robux in the game to buy a mix of durable goods which last for a period of time and consumable goods which are used immediately. The SEC has reservations over the way in which Roblox recognizes revenue from the sale of its currency, Robux, on its platform, according to the memo seen by Reuters. Roblox’s valuation skyrocketed to $29.5 billion in a fundraising round earlier this month, more than seven times the $4 billion the company was valued at 11 months earlier, amid a surge in the popularity of video games during the COVID-19 pandemic. The company had said in a regulatory filing earlier this month that it was aiming to list shares on the New York Stock Exchange in February. The delay is a setback for one of the most eagerly-anticipated U.S. FILE PHOTO: A girl adds a face mask to her character on the game 'Roblox' at her home in Manchester, as the spread of the coronavirus disease (COVID-19) continues, Manchester, Britain, April 5, 2020.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |