Unity Software competitor Roblox confirms confidentially filing for IPO (NYSE:U)

Video game platform Roblox has confidentially filed for an IPO, according to a company statement to Bloomberg.

The number of shares and price for the offering weren’t revealed.

Last week, Reuters reported that Roblox would seek an $8B valuation, double the valuation during a $450M private investing round in February.

Roblox makes freemium games and operates Roblox Studio, a free game creation system that competes with recently listed Unity Software (NYSE:U).

Previously: Unity competitor Roblox considering U.S. IPO – Reuters (Oct. 01 2020)

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