Roblox could be worth as much as $37 billion when it comes public.This figure is up nearly 70% from the same period last year.Additionally, it says it brought in revenue of $589 million during the first three quarters of 2020.The company saws it has 31.1 million daily active users, 22.2 billion hours of engagement with those users.Roblox is not currently releasing how many shares it will offer, or what the IPO price range will be.Importantly, this means Baszucki will be able to “significantly” influence decisions.Following the Roblox IPO, CEO David Baszucki will hold all outstanding Class B shares.Class A will come with one voting right per share, while Class B comes with 20 voting rights.Like many other firms, it will offer two classes of its common stock.So what about the actual Roblox IPO? Well, the company plans to come public on the New York Stock Exchange under the symbol RBLX.Many Roblox users are teens and tweens, individuals ages 9 through 15.This is great news for the company, which also encourages players to purchase digital currency to unlock premium features.Roblox is wildly popular, and has become even more so during the novel coronavirus pandemic.As a reminder, Roblox specializes in free-to-play games for mobile devices and other consoles.With that big question in mind, here are 15 things you need to know about the Roblox IPO right now:
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