– The US gaming platform Roblox Corp has decided to postpone its planned IPO next year due to delays in the SEC’s disclosure, sources familiar with the matter told on Friday.
The San Mateo company in California had applied to go public on the New York Stock Exchange through an IPO and was scheduled to be listed next week.
The news of the postponement of the IPO was first reported by the Wall Street Journal.
Roblox officials say Airbnb Inc. և DoorDash Inc’s market debut this week made it extremely difficult to determine the right price for the company’s stock, according to the Wall Street Journal.
Late Friday night, the company informed employees in a memorandum that the list would be postponed until early next year, the Journal reported.
“Based on what we have learned so far, we feel there is an opportunity to improve our custom process for employees, shareholders and future investors, large and small,” said David Basuchkin, CEO of Roblox in a memoir seen by the Wall Street Journal.
Roblox declined to comment.