The company behind the popular Roblox video game platform is planning to go public soon. Originally scheduled for the holidays, the initial public offering (IPO) should now hit the stock market in early 2021 with a market value of roughly $8 billion.
When I say “roughly,” I’m probably underestimating the final tally. Roblox delayed its filing in order to fine-tune the asking price upward in light of explosive December IPOs by delivery service DoorDash (NYSE: DASH) and lodging rental specialist Airbnb (NASDAQ: ABNB).
So Roblox should hit Wall Street running, but will it be a good buy right away?