Roblox Filed to Go on the U.S. Stock Market

Following Unity Technologies, the creator of the online-game platform Roblox has finally applied the S-1 document to United States Securities and Exchange Commission. The file states that the company will have Class A shares, as well as the definition of Roblox as an emerging growth company. 
As well as other companies in the game industry, Roblox has experienced rapid revenue growth due to the COVID-19 lockdown. The company reported 68% revenue growth in the first nine months of 2020 compared to 2019, $588.7 million and $349.9 million respectively. 
However, the company has also experienced growth in net losses going from $46.3 million last year to $205.9 million in 2020. 
You can check out the official S-1 document here.  Don't forget to join our new Telegram channel, our Discord, follow us on Instagram and Twitter, where we are sharing breakdowns, latest news, awesome artworks, and more.