Online game platform Roblox said Monday that on a confidential basis it had submitted a draft registration statement to the Securities and Exchange Commission for a public offering of common stock.
The San Mateo, Calif., company said it hasn’t determined the number of Class A common shares it will sell and at what price.
Roblox said it intends to commence the public offering following completion of the SEC review.
The company is aiming for a public valuation of about $8 billion, Reuters reported earlier this month.
That would double the $4 billion valuation it got in a $150 million fundraising round in February led by venture capital firm Andreessen Horowitz. The VC firm said in February that the platform reached more than 115 million monthly users.
The company hosts millions of games that are built by its users, who then get a share of any related revenue.
“Roblox is powered by a global community of over two million developers who produce their own immersive multiplayer experiences each month using Roblox Studio,” the company said on its website.
“Our popularity is driven purely by the community with millions of people signing up through word of mouth every month.”
Roblox, which was founded in 2004, said that two-thirds of all U.S. kids 9 to 12 years old use the platform.
In July, Roblox said its developer community was on pace to earn more than $250 million in 2020, more than double 2019’s $110 million.
David Baszucki is the company’s founder and chief executive. Prior to Roblox, he founded Knowledge Revolution, which was acquired by MSC Software in 1998.
Last month, Andrea Wong, who was most recently the president of international at Sony Corp., (SNE) – Get Report joined the Roblox board.
- You can send any kind of file using Skype on your desktop. On your phone, you can only send photos.
- To send files on the Skype desktop app, you can simply drag files into the app.
- Skype has a 300 MB limit on files that can be shared.
Skype makes it easy to share files with your contacts, whether you’re in a chat, conference, or call. On a desktop computer, you can share any kind of file, but if you’re using a phone, your options are more limited.
How to send files on Skype using the desktop app
Open the Skype app and begin a text chat with the person you want to share a file with.
There are two ways to share the file:
- Find the file on your desktop and drag it into the Skype app. You should see a message in Skype that says “Drop file or contact details to send.” After you drop the file in the app, click the Send message arrow to complete the transfer.
- If you prefer, click the “Add Files” icon to the right of the text message field. In the “Open File” window, choose the file you want to send and then click “Open.” Click the “Send message” arrow to complete the transfer.
You can send more than one file at a time, but note that you have a maximum file size limit of 300MB. If you try sending larger files, you will see an error message.
Also, if you are in a video chat or conference meeting, you need to open the chat window to send a file.
How to send files on Skype using the mobile
Celebrity Pooja Bedi in a complaint to the Goa Police Cyber Cell on Monday, said that her business website happysoul.in was targetted by hackers, who were now demanding ‘ransom’ in order to restore access to her e-commerce site.
Bedi, who resides in Goa and whose website trades in organic supplements, also took to Twitter with her woe, tagging Chief Minister Pramod Sawant and Director General of Police (DGP) Mukesh Kumar Meena, saying the hackers have threatened to sell drugs and narcotics substances on her website, if the ransom is not paid.
“Dear @DGP_Goa my ecommerce website http://happysoul.in HACKED AGAIN last night & this time they state if i don’t pay ransom they will sell DRUGS on my website. I have registered (an) FIR in Old Goa Police Cyber Cell last week but no action from Cops. My company regd in Goa @goacm,” the actress said in a tweet.
Have a look right here:
Dear @DGP_Goa my ecommerce website https://t.co/zjGS86eyQX HACKED AGAIN last night & this time they state if i don’t pay ransom they will sell DRUGS on my website. I have registered FIR in old goa police cyber cell last week but no action from cops.
My company regd in Goa @goacm pic.twitter.com/X6UZQmASkZ
— Pooja Bedi (@poojabeditweets)
October 5, 2020
“Dear @GoDaddyHelp your team is NOT cooperating with our team for my hacked e-commerce website http://happysoul.in Despite my deluxe security on your server & SSL the hacker hacked AGAIN yesterday made ransom demands threatening 2 sell my data & sell DRUGS on my site,” also tweeted tagging the global website hosting platform.
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(Reuters) – Oasis Petroleum Inc OAS.O filed for Chapter 11 bankruptcy protection on Wednesday, the latest U.S. shale producer to seek court-aided restructuring as the energy industry reels from an unprecedented crash in oil prices caused by the COVID-19 pandemic.
The company listed assets and liabilities in the range of $1 billion to $10 billion, according to a court filing.
Oasis said it secured $450 million in debtor-in-possession financing and expects to cut debt by $1.8 billion through the restructuring. It had long-term debt of $2.76 billion with just $77.4 million in cash and cash equivalents as of June 30.
Lockdowns to stem the spread of the virus decimated travel and the demand for fuel, bringing oil drilling to a halt and leaving many shale producers with no source of cash to repay massive debt taken on in past years.
Peers Chesapeake Energy Corp and Chaparral Energy Inc filed for bankruptcy earlier this year, while Whiting Petroleum Corp WLL.N emerged from Chapter 11 bankruptcy and completed its financial restructuring at the start of this month.
“Due to historically low global energy demand and commodity prices, we determined it is best for Oasis Petroleum to take decisive action to strengthen our liquidity,” Chief Executive Officer Thomas Nusz said in a statement.
Oasis said upstream operations and production would continue normally as restructuring happens, adding that its independent pipeline company Oasis Midstream Partners LP OMP.O and other subsidiaries in which it owns an equity interest are not included in Chapter 11 proceedings.
Reporting by Rama Venkat in Bengaluru; Editing by Ramakrishnan M.
(Bloomberg) — Cybersecurity software maker McAfee Corp. has filed to go public, adding to the roster of companies rushing to cash in on a hot market for U.S. initial public offerings.
The San Jose, California-based company listed the size of the offering as $100 million in a filing Monday with the U.S. Securities and Exchange Commission. The amount is a placeholder that will likely change.
McAfee’s planned offering is part of a software IPO boom this year. The biggest listing for an operating company on a U.S. exchange is software maker Snowflake Inc., which raised $3.86 billion including so-called greenshoe shares this month.
Software companies account for $12.8 billion of the $102 billion raised this year on U.S. exchanges, according to data compiled by Bloomberg. Shares of those newly public software companies have gained 78% on an weighted average basis, the data show.
McAfee was previously a unit of Intel Corp. which bought the software maker in a $7.7 billion deal that closed in 2011.
The chipmaker argued that security was becoming increasingly important to computer users and that integrating security functionality into its processors would add to their value. That high-level justification for the purchase was never translated into practical applications which enhanced Intel’s main business. The unit continued on primarily as a retail software vendor not connected tightly to its parent’s offerings.
In 2016, Intel announced that it had signed a deal to transfer a 51% stake in the business to TPG for $1.1 billion. The transaction valued the spun-off company at $4.2 billion, including debt. TPG and Thoma Bravo are listed as McAfee’s backers in