ROBLOX prepares to go public
Posted: 2020, Oct 03, Sat, 7:55 am
https://www.reuters.com/article/us-robl ... SKBN26M7EARoblox Corporation is working with investment banks to prepare for a U.S. stock market listing that could come early next year
U.S. demand for video games has surged as consumers seek home entertainment while living under lockdown measures
U.S. consumer spending on video gaming hit a record $11.6 billion in the second quarter, up 30% on the year-ago period
Roblox said it had reached more than 115 million monthly active users and more than 1.5 billion hours of monthly engagement.