Specifically, "improve" the amount of money it makes from its IPO. we've decided to take this opportunity to work with our advisors to see how we can make such improvements." Circulating a memo to its employees Friday, Roblox CEO David Baszucki explained that "based on everything we have learned to date. So instead, Roblox is going to put its IPO on a shelf, figure out how much it might realistically be able to charge for its shares, and return to the IPO market early next year. The deal gave Roblox a 29.5 billion valuation - up. If you’re working with an advisor, tell them you’d like to buy Roblox stock and how much you can invest, and they’ll do it for you. Once you decide on the number of shares or the dollar amount you’d like to purchase, you can place your order. If you're an investor, that probably sounds like a good thing and has you excited at the prospect of enjoying a huge Roblox IPO this month - but Roblox had a different reaction.Īfter seeing the huge difference between the prices Airbnb and DoorDash got for their shares, and the value received by the investors who owned them at the end of the day, Roblox management seems to have concluded it would leave too much money on the table if it IPO'ed at the anticipated $8 billion valuation. Going public via a direct listing After postponing the IPO, Roblox raised 520 million from investors in a private funding round. Step 5: Place your order and buy Roblox stock. Airbnb shares more than doubled in price on their first day of trading, and DoorDash did nearly as well, rising 86%.
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