Roblox is spending heavily to keep up its growth
Roblox Amongst Us Coins If public market activity in the past few weeks has shown us anything it’s that COVID hasn’t been a total economic buzzkill for all startups eyeing IPOs this year.
Roblox is working with investment banks to prepare for a U.S. stock market listing that could come early next year and which the online gaming platform expects could double its recent $4 billion valuation people familiar with the matter said.
“We have experienced rapid growth in the three months ended June 30 2020 September 30 Roblox Amongst Us Money 2020 and for a portion of the three months ended March 31 2020 due in part to the COVID-19 pandemic given our users have been online more as a result of global COVID-19 shelter-in-place policies,” Roblox wrote.
Like Wish Roblox is spending heavily to keep up its growth. The company’s net loss rose to $203.2 million in the first nine months of 2020 from $46.3 million a year ago and it plans to continue prioritizing growth over profitability going forward. “We expect our costs and expenses to increase in future periods as we intend to continue to make significant investments to grow our business,” Roblox’s IPO filing stated.
At the time of the fundraising announcement Roblox said it had reached more than 115 million monthly active users and more than 1.5 billion hours of monthly engagement.
Most recently the company raised a $150 million Series G led by Andreessen Horowitz in February. The Series G brought Roblox’s valuation to more $4 billion per Crunchbase data.
Z2U.com is the best place for purchasing Amongst Us Coins special price 100% safe no hack no cheats will happen real sellers real stocks! Shop now!