Roblox plans to go public through direct listing, not IPO: sources
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[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
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
