Bulletins

Roblox will reportedly delay its IPO until 2021 after seeing DoorDash, Airbnb debuts

Roblox plans to delay its IPO into the new year and take the time to rework some of its processes for going public, according to The Wall Street Journal.

The move comes after the Airbnb and DoorDash IPOs skyrocketed on debut, reigniting arguments around better IPO pricing controls and whether companies are leaving too much "money on the table." According to Reuters' sources, Roblox reportedly viewed the giant pops as a sign that the IPOs were under-priced, and it now hopes to fetch a higher IPO valuation. In a company memo obtained by the Journal, Roblox's CEO cited the opportunity to take a more "innovative" approach to going public as more companies are experimenting with paths to going public, like dropping the greenshoe or running a hybrid auction process.

Biz Carson

Biz Carson ( @bizcarson) is a San Francisco-based reporter at Protocol, covering Silicon Valley with a focus on startups and venture capital. Previously, she reported for Forbes and was co-editor of Forbes Next Billion-Dollar Startups list. Before that, she worked for Business Insider, Gigaom, and Wired and started her career as a newspaper designer for Gannett.

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Bulletins