US gaming platform Roblox to delay IPO until next year

Roblox

U.S. gaming platform Roblox Corp has put off its planned initial public offering (IPO) until next year as it works with advisers to improve the process to benefit employees and investors, the company told employees in a memo seen by Reuters.

“We’ve seen companies take innovative approaches to create a more market-based relationship between investors and companies,” Roblox Chief Executive David Baszucki said in the memo, dated Friday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter