![]() More than 30 million of them log in daily, about 150 million monthly, more than Minecraft or Fortnite. You might not know Roblox, but most 8 to 16-year-olds do. Great disappointment but not much of a surprise given the crazy level of speculation around IPOs and the difficulty for investors to understand Roblox. Update - The Roblox IPO has been postponed to at least January. They will apparently continue with the IPO in any case. ![]() Update - Roblox decided to go the private route with a $500M raise from Altimeter and Dragoneer at a $30B valuation or about $50 per share (middle of my range). Not surprising as the P&L is indeed peculiar (and attractive!). Now the SEC has forced another delay in the IPO process, as it needs to better understand the complex revenue recognition criteria Roblox has used. ![]() The company said revenue in the first nine months of 2020 rose to $613.9 million compared to $588.7 million in its previous filing, while its losses in that period were at $194.5 million, down from $213.3 million as reported before SEC has forced to update revenue recognition criteria. Update - March as the new IPO date, now a direct listing. Just shy of the bull scenario for the stock I described. Update - Roblox is already listed and trading.
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