Roblox has decided to postpone their initial stock offering after disagreements with the SEC over profit reporting from the sale of the digital currency robux. The disagreement stems from differing opinions over the valuation of durable versus consumable goods in game.
Roblox's initial offering will now be pushed back to coincide with offerings of other highly anticipated stocks early this year. Roblox's total worth has rocketed over the past fiscal year from around 4 billion USD to almost 30 billion USD to become one of the most highly valued video game developers for children.
All of this comes at a time when trading in Gamestop's stock (GME) has disrupted financial markets around the globe, and governments have begun to place increased scrutiny on retail investors.
What do you guys think? Will you invest in Roblox when it eventually makes a public offering? I am planning to buy a share or two personally. Share your thoughts below.
https://www.reuters.com/article/BigStory12/idUSKBN29Y0AD
Roblox's initial offering will now be pushed back to coincide with offerings of other highly anticipated stocks early this year. Roblox's total worth has rocketed over the past fiscal year from around 4 billion USD to almost 30 billion USD to become one of the most highly valued video game developers for children.
All of this comes at a time when trading in Gamestop's stock (GME) has disrupted financial markets around the globe, and governments have begun to place increased scrutiny on retail investors.
What do you guys think? Will you invest in Roblox when it eventually makes a public offering? I am planning to buy a share or two personally. Share your thoughts below.
https://www.reuters.com/article/BigStory12/idUSKBN29Y0AD