Roblox will debut on Wall Street on March 10

Roblox, the online gaming and creation platform, will begin trading on the New York Stock Exchange on March 10 under the symbol ‘RBLX’, after the company had postponed its debut on the market initially planned for the end of last year, according to announced the company in an update of the prospectus of the operation registered with the Securities Market Commission (SEC) of the United States.

The jump to the park of the popular platform in which users can develop their own video games will be carried out through a direct listing of shares, a less expensive mechanism than traditional IPOs, which is characterized by the sale of existing shares in power. of the shareholders instead of the issuance of new titles, and by which companies can quote without increasing capital and without having the services of a bank that acts as an intermediary or subscriber of the operation, thus avoiding the ‘roadshow’ and the setting an initial price.

Likewise, Roblox has revealed in the brochure that in 2020 it recorded losses of 253.3 million dollars (209 million euros), compared to the ‘red numbers’ of 70.9 million dollars (58 million euros) recorded in 2019 , although it managed to boost its income by 82%, to 923.9 million dollars (760 million euros).

At the end of 2020, the platform had 32.6 million active daily users, a figure that represents an annual growth of 85%. Of these, around 490,000 were daily paying users, up from 184,000 a year earlier.


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