It started out with a developer community that was 100 percent volunteer. And literally over the last 16 years, through millions of small steps all aiming in the right big-term direction, Roblox has evolved to what it is today. But constant iteration at the same time, getting stuff done and executing, has been a big part of it. If we can imagine it and if we think it’s technically possible with the compute power and the devices that people have, we want to aim for that. They almost signify how we’ve worked through this, which is, one, to take the long view. I think it’s interesting because we have two values that work together. You pretend you’re a bird, catch animals - what’s it like to be a bird? And if you wanted to be an eagle sooner than later, you could pay a little to do that. A long time ago, in Bird Simulator, you could have all kinds of things. So one of my favorites was Bird Simulator. And I think our creators are always very wisely balancing new users, fun retention without people spending, with those fun things that some people can buy on top of it. That’s really interesting.” Whatever our creators have sold - vehicles, clothing, VIP passes, all of that - they continued to astound us with their creativity.

In the early days, we were like, “Oh my gosh, someone’s selling flashlights. And we continue to be really surprised by it. if we provide the core platform and the infra, we’ll be really surprised by it. In late December 2020, however, the Securities and Exchange Commission (SEC) changed the rules around direct listings to allow companies to raise cash through direct listings by auctioning new shares along with those of current shareholders looking to sell.One of our innovations was to trust the creativity of our developers rather than being very regimented around what you might buy in an experience. ( WORK) are two notable tech firms that went public through direct listings under the traditional process. Direct listings were essentially undertaken for liquidity reasons, as new capital wasn't raised because only existing shares were auctioned on the market.

There used to be a clear line between direct listings and IPOs.

Roblox instead completed another round of private capital raising, meaning retail investors are once again missing out on most of the early growth in a tech company.

The company's decision highlights some issues with the IPO process, including the difficulty hitting the right price.

Roblox has decided to go with a direct listing rather than its planned IPO due to the pricing issues apparent in the market.

When does roblox ipo