The company has now gone on top above other game companies like Take-Two, Ubisoft, and CD Projekt. We look forward to working with all of them as we continue our mission to build a human co-experience platform that enables shared experience, from play to work, and learning among billions of users.”įollowing this transition and a jump in its total value to 29.5 Billion from 4 Billion (calculated last year). Roblox CEO David Baszucki welcomed Altimeter and Dragoneer Groups, saying, “We’re thrilled to welcome Altimeter, Dragoneer, and the other new investors. This will also further expand on current nature, and the existing shareholders or anyone who owns stocks will be allowed to sell them to the new investors. According to WSJ and a statement from Roblox, the company which had previously decided to go public in 2020, will now follow Spotify, Palantir, and Slack in going public through a direct listing. This was confirmed by Altimeter Capital and Dragoneer Investment Group, which led the rounds, and also confirmed Roblox had raised $520 million through a series of H private placements. The game is trendy among mobile users and kids.Ī report by Buisnesswire concludes that Roblox Corp is now valued at 29.5 Billion, which makes Roblox one of the most valuable game companies.

Roblox Gameplay is all circled around the creation and mini-games, which then expands its core mechanics like Minecraft, ultimately resulting in a huge community. Founded in 2004 by Canadian Entrepreneur David Bascuzki and the late Erik Cassel, Roblox Corporation has so far just made one game, Roblox, which has from that point forward become the essence of the company and furthermore quite possibly one the most famous games ever.

Roblox corporation net worth