Roblox had looked to treat all the revenue the same and amortize it over the duration of its paying user accounts, which is around two years. Players use Robux in the game to buy a mix of durable goods which last for a period of time and consumable goods which are used immediately. gaming company Roblox Corp closed up 54.4 in its New York Stock Exchange trading debut on Wednesday, valuing the company at 45.2 billion. The SEC has reservations over the way in which Roblox recognizes revenue from the sale of its currency, Robux, on its platform, according to the memo seen by Reuters. Roblox’s valuation skyrocketed to $29.5 billion in a fundraising round earlier this month, more than seven times the $4 billion the company was valued at 11 months earlier, amid a surge in the popularity of video games during the COVID-19 pandemic. Roblox did not raise any new funds for growth as companies do not issue new shares under a direct listing like a company does during a traditional initial public offering. The company had said in a regulatory filing earlier this month that it was aiming to list shares on the New York Stock Exchange in February. Roblox completed a direct listing on the New York Stock Exchange on March 10, 2021, when its shares started publicly trading under the ticker ‘RBLX’. 19, 2020, that the uber-popular online gaming hub Roblox filed plans with the SEC to IPO itself on the NYSE with the ticker symbol 'RBLX. The delay is a setback for one of the most eagerly-anticipated U.S. FILE PHOTO: A girl adds a face mask to her character on the game 'Roblox' at her home in Manchester, as the spread of the coronavirus disease (COVID-19) continues, Manchester, Britain, April 5, 2020.
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