Video games: Roblox and its virtual universe want to raise 1 billion on Wall Street

Posted on Nov 21, 2020 at 10:00 a.m.

“RBLX”. It is under this name that the shares of Roblox, a giant of the video game which also tries to constitute a colossal virtual universe. Launched in 2004, the Californian company wants to raise $ 1 billion. A amount may still evolve between now and the IPO, according to a securities document filed Thursday with the SEC (American equivalent of the AMF).

Like its rival Minecraft (owned by Microsoft), Roblox boxes in the category of so-called “sandbox” games in which the player is immersed in a 3D universe that he can explore at will. This title is extremely popular with children and adolescents around the world; two thirds of 9-12 year olds play Roblox in the United States.

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