Games platform Roblox has officially made its intention to go public clear.
In an update on its website, the firm said that it has filed a draft of its registration statement with the United States Securities and Exchange Commission (SEC). Roblox hasn't determined how much common stock will be on offer when it does its initial public offering (IPO), but the company is going full steam ahead with floating once it has the nod from the SEC.
Rumours that Roblox was looking to go public surfaced at the start of October. The company was looking for a valuation of around $8bn, which was double the valuation the firm received earlier this year when it secured its latest funding round.
Roblox is apparently looking to do its IPO in early 2021.
The platform has seen huge growth in recent years. This summer, Roblox said that in 2020 its developers were going to make double what they did the previous year. It also boasts 150m monthly active users.