Gaming platform Roblox said to be preparing plans for US listing

//Gaming platform Roblox said to be preparing plans for US listing

Gaming platform Roblox said to be preparing plans for US listing

Roblox Corporation is working with investment banks to prepare for a US stock market listing that could come early next year and which the online gaming platform expects could double its recent US$4 billion valuation, people familiar with the matter said.US demand for video games has surged as consumers seek home entertainment while living under lockdown measures to curb the spread of the novel coronavirus.US consumer spending on video gaming hit a record US$11.6 billion in the second quarter,…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2020-10-02T02:13:02+00:00 October 2nd, 2020|Technology|Comments Off on Gaming platform Roblox said to be preparing plans for US listing