(Note: This is not a traditional IPO. Roblox went public through a direct listing on the New York Stock Exchange. The NYSE set a reference price of $45 for the Class A common stock on March 9, 2021, when the direct listing was priced. The stock started trading on the NYSE on March 10, 2021. Background: The company said Feb. 11 that it planned to offer 198.92 million shares, up from 196.7 million shares in its Jan. 8 filing. Goldman Sachs and Morgan Stanley were the financial advisors for the direct listing.)
The story of Roblox began in 1989 when our founders, David Baszucki and Erik Cassel, programmed a 2D simulated physics lab called Interactive Physics, which would later go on to influence our approach to building the groundwork for Roblox. Students across the world used Interactive Physics to see how two cars would crash, or how they could build destructible houses. In starting Roblox in 2004, we wanted to replicate the inspiration of imagination and creativity we saw in Interactive Physics on a much grander scale by ushering in a new category of human interaction that did not exist at the time.
An average of 37.1 million people from around the world come to Roblox every day to connect with friends. Together they play, learn, communicate, explore, and expand their friendships, all in 3D digital worlds that are entirely user-generated, built by our community of over 8 million active developers. We call this emerging category “human co-experience,” which we consider to be the new form of social interaction we envisioned back in 2004. Our platform is powered by user-generated content and draws inspiration from gaming, entertainment, social media, and even toys.
Our Roblox human co-experience platform consists of:
*The Roblox Client, which lets users explore 3D digital worlds;
* The Roblox Studio, the toolset that lets developers and creators build, publish and operate 3D experiences and other content accessed with the Roblox Client, and
*TheRoblox Cloud, which includes the services and infrastructure that power our human co-experience platform.
|Address||970 Park Place, San Mateo, California 94403|
|Phone Number||(888) 858-2569|
|View Prospectus:||Roblox Corporation|
|Revenues||$923.9 mil (last 12 months)|
|Net Income||$-253.3 mil (last 12 months)|
|Price range||$45.00 - $45.00|
|Est. $ Volume||$8951.4 mil|
|Manager / Joint Managers||Goldman Sachs/ Morgan Stanley|
|Expected To Trade:||3/10/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|