November 20 - 10:11
Online gaming company Roblox files IPO
Online gaming software company Roblox, which was hugely successful during the pandemic, has filed to go public. Roblox has reported $589 million revenue and an operating cash flow of $345 million for the first nine months of 2020. However, it is not yet profitable, as it also reported a net loss of $203.2 million during the same period. CNBC has estimated Roblox's valuation at $8 billion.
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