I update the slide with 4Q20 data in latest S1. Direct listing of Roblox will be interesting because market appetite has shifted in last two weeks and the underlying business of Roblox seems to be normalizing this year based on company’s expectation (conservative?). Roblox has strong cash flow and just raised a private round so the listing is simply to provide liquidity to existing shareholders without lock-up. If “tech rout” continues, we might see another last-minute decision to delay listing?
Valuation in the last round of financing was $29.5B.