(2020-10-13) Roblox Files Papers With Sec For Public Offering

Roblox files papers with SEC for public offering. The company most recently raised $150 million in venture funding from Andreessen Horowitz in a deal announced in February. Its valuation at that time was $4 billion.

CEO Dave Baszucki founded Roblox in 2004, enabling just about anyone to make Lego-like characters and build rudimentary games. The company has continuously beefed up that capability, and it has grown to more than 115 million monthly active users who play 1.5 billion hours of games per month. Roblox shares revenues with its game creators

Baszucki is a big fan of the metaverse, the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One. At our GamesBeat Summit event in April, Roblox’s Matt Curtis talked about the tools the company is building in order to make its version of the metaverse happen.