Welp MagazineAccording to the research data analyzed and published by SafeBettingSites.com, Roblox is preparing to list on the US stock market at a valuation of $8 billion. In February 2020, the gaming giant raised $150 million during a Series G funding round led by Andreessen Horowitz.
According to InvestGame, Q1 to Q3 2020 has seen the gaming industry receive a total of $20.5 billion in investments. Of this figure, public offerings accounted for around $6.05 billion.
Roblox Game Adopt Me! Draws over 10 Billion Visits As Consumer Spend Nears $103 Million in May 2020
Other noteworthy IPOs that have taken place include those of Unity Software, Kakao Games and Archosaur Games. Unity raised $1.3 billion at a $13.6 billion valuation while Kakao raised $330 million and Archosaur at $280 million. Applovin, Krafton Playtika, tinyBuild, Huuuge and People CAN Fly are among others planning IPOs.
Roblox has had a great 2020 with some of its popular games hitting spectacular records. For instance, Adopt Me! hit a peak of 1.615 million concurrent users and 10 billion visits in H1 2020. Piggy had over 5,000 plays by the end of July 2020 following its January 2020 launch. Roblox developers expect to earn $250 million on the hub in 2020, up by 127% from 2019’s $110 million. Its monthly active users increased from 115 million in February to 164 million in July according to RTrack.
Moreover, based on a report from Sensor Tower, player spending on Roblox increased 28% month-over-month in March 2020 and 34% in April 2020. In May, the game’s revenue hit a peak of $102.9 million.
The Roblox app hit $1.5 billion in lifetime revenue in June 2020. App Annie revealed that in Q2 2020, it ranked second in global consumer spend. In Q3 2020, it ranks it as the 4th highest grossing game globally on both the App Store and Play Store.
The full story, statistics and information can be found here: https://www.safebettingsites.com/blog/2020/10/12/roblox-to-go-public-with-8-billion-valuation-following-150-million-series-g-funding-at-4-billion/
