(Reuters) - U.S. gaming platform Roblox Corporation said https://ift.tt/3iM0xly on Monday it has confidentially submitted paperwork with the Securities and Exchange Commission to go public.
Reuters reported earlier this month that Roblox was seeking to go public early next year, a move that the company expects would double its recent valuation of $4 billion.
Roblox did not immediately respond to a Reuters request for comment on whether it would choose the traditional initial public offering or direct listing route to go public.
In a direct listing, no new shares are sold and underwriting banks do not weigh in on the pricing, unlike in an IPO. By not selling new shares, companies do not dilute the ownership stakes of existing shareholders and the public listing allows current investors to sell shares easily.
Roblox's ...
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