Roblox demand surges as the gaming platform files IPO listing

Powered by imagination ‘Roblox’, an online gaming platform and gaming creation system have decided to go public after regulatory filing on Thursday. Its first public disclosure of its finances ahead of a U.S. stock listing later this year.

According to Roblox prospects, the company now has 31.1 million daily users who have spent an average of 2.6 hours per day in the game this year. The gaming platform earned around $1.2 billion selling cryptocurrencies to its users and doubled its users in the last nine months of the year. Roblox also overtook the online game Minecraft this year in the active monthly users’ category. Roblox has filed for an IPO of $1 billion, a placeholder amount that is expected to change.

It plans to list on the New York Stock Exchange under the symbol “RBLX” according to a Reuters report. The pandemic has alleviated a lot of gaming platforms to boom and many taking advantage of the demand by going public this year. The gaming platform Playtika is also planning to go public this year with Roblox.

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