Roblox raises $520 million at $29.5 billion valuation, will go public through direct listing
January 8, 2021
User-generated game platform Roblox has raised $520 million in a new round of funding, and it will still go public through a direct listing where the company’s existing shareholders directly sell shares to investors. The private funding deal values Roblox at $29.5 billion.
The direct listing offering, or DPO, circumvents the usual initial public offering (IPO) process, which can be costly.