Roblox delays IPO and raises a large private round at a valuation of nearly $30Bn
Roblox a gaming platform that was born as an early physics engine and created by Eric Cassel and David Baszucki, has delayed its plans for a 2020 IPO (initial public offering) and has instead booked a large private round. The latest round values the company at $29.5Bn and received a cash injection of $520m, which has been led by investors Altimeter Capital and Dragoneer Investment Group.