![]() ![]() Roblox had looked to treat all the revenue the same and amortize it over the duration of its paying user accounts, which is around two years. The earlier plan for an IPO fell apart after. Players use Robux in the game to buy a mix of durable goods which last for a period of time and consumable goods which are used immediately. After the company reached a 29.5 billion valuation in a recent funding round, Roblox shares could price at 45 a piece when they come to market. The SEC has reservations over the way in which Roblox recognizes revenue from the sale of its currency, Robux, on its platform, according to the memo seen by Reuters. Roblox’s valuation skyrocketed to $29.5 billion in a fundraising round earlier this month, more than seven times the $4 billion the company was valued at 11 months earlier, amid a surge in the popularity of video games during the COVID-19 pandemic. The company had said in a regulatory filing earlier this month that it was aiming to list shares on the New York Stock Exchange in February. The delay is a setback for one of the most eagerly-anticipated U.S. That far outpaced the company’s sales growth of 82 last year, when. The pandemic has been a boon to the gaming industry as millions across the globe turned to games in their various lockdowns. FILE PHOTO: A girl adds a face mask to her character on the game 'Roblox' at her home in Manchester, as the spread of the coronavirus disease (COVID-19) continues, Manchester, Britain, April 5, 2020. Roblox said in the latest update to its prospectus that it paid developers 328.7 million last year, up almost 200 from 2019. ![]()
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