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The social gaming platform plans to go public in early 2021, according to Reuters. The company is still evaluating whether it would pursue a traditional IPO, or a Spotify-like direct listing, according to the report, which estimates that Roblox could be valued $8 billion as a public company.
A Roblox spokesperson declined to comment.
Roblox is best known as a platform for Minecraft-like social games that are created by its users, but the company has also been expanding into online concerts and other social events. The company raised $150 million earlier this year, and Roblox CBO Craig Donato told Protocol in June that it was looking to spend the money on a continued global expansion.
Janko Roettgers (@jank0) is a senior reporter at Protocol, reporting on the shifting power dynamics between tech, media, and entertainment, including the impact of new technologies. Previously, Janko was Variety's first-ever technology writer in San Francisco, where he covered big tech and emerging technologies. He has reported for Gigaom, Frankfurter Rundschau, Berliner Zeitung, and ORF, among others. He has written three books on consumer cord-cutting and online music and co-edited an anthology on internet subcultures. He lives with his family in Oakland.