Roblox IPO Postponed! 🎮: $RBLX Stock Not Going Public Until 2021 😥

Roblox has announced that the company will postpone plans to become a publicly traded entity until 2021. In a memo, Roblox Chief Executive David Baszucki noted “Based on everything we have learned to date, we feel there is an opportunity to improve our specific process for employees, shareholders and future investors both big and small”. Alex talks about Roblox’s decision to hit pause on its initial public offering and wonders if Roblox might elect to do a direct listing after seeing platform contemporaries Airbnb and DoorDash skyrocket in valuation during their public market debuts, causing the young platform companies to miss out on billions of dollars.

This is an excerpt from episode 133 of Winner Take All. Watch the full episode here: youtu.be/azlnhp9ZZRg

Originally Aired: 12/22/20
#Gaming #RobloxIPO #StockMarket

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