[ad_1]
Video game company Roblox Corp. requested its IPO at a time when the pandemic has increased demand for online games.
Roblox said in its documents to substantiate the planned initial public offering on Thursday that the company has seen massive sales growth. Revenue grew 56% to $ 488.2 million in 2019 and increased further during the pandemic. Sales in the first nine months of this year are up more than 68% to $ 588.7 million, according to the filing, and bookings during that period have jumped 171% from a year earlier .
The…
[ad_2]
Source link