Roblox plans to go public through direct listing, not IPO: sources
Add BT as a preferred source
[BENGALURU] US gaming platform Roblox Corp has changed course and now plans to go public through a direct listing instead of an initial public offering (IPO), people familiar with the matter said on Wednesday.
The switch comes after Roblox told employees last month it had put off its planned IPO until 2021 as it worked with advisers to improve the process to benefit employees and investors.
A representative for Roblox declined to comment.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI
