Cheap Genshin Impact Account - Roblox raises $520M in advance of direct listing

Roblox, the platform for millions of games built by a huge community of young players and professional developers, has announced surprise funding of $520m from investors. The backing was led by Altimeter Capital and Dragoneer Investment Group. It also included the Investment Group of Santa Barbara and, most interestingly, Warner Music Group.

Roblox, which operates a popular gaming platform, has raised $520 million in new Series H funding at a purchase price of $45.00 per share led by Altimeter Capital and Dragoneer Investment Group. The Investment Group of Santa Barbara and Warner Music Group, along with several current investors, also participated in this round.

The company said it posted more than $200 million in total net revenue in the third quarter of 2020 and estimates a net revenue of about $1 billion in 2021, representing 60 percent year-over-year growth.

Shares of Social Capital Hedosophia Holdings Corp V are currently trading on the New York Stock Exchange under the symbol IPOE. Following the announcement Thursday, the share price rose 57 percent in late afternoon trading.

Roblox raises $520M in advance of direct listing

Roblox’s revenue for the third quarter increased 91% compared to a year earlier to $242 million. And Roblox’s daily active users nearly doubled in the period ended September to 36.2 million. And the “hours engaged” on the platform more than doubled to 8.7 billion.

Roblox has ambitious plans to change the way we play, work, learn and hang out together. Inspired by the worldbuilding of science fiction novels like Ready Player One, the platform’s ultimate aim is to launch its own version of the Metaverse, a universe of connected virtual worlds. And part of that plan includes a music strategy, led by its global head of music Jon Vlassopulos. Roblox aims to create Metaverse stars who will launch their careers in a similar way to breakout social-media influencers.

“Roblox has built a unique and imaginative virtual experience with a growing, loyal community, and we’re excited to have the opportunity to support the company at this stage of its development,” said Marc Stad, Founder and Managing Partner of Dragoneer Investment Group. “We look forward to partnering with the Roblox team as they continue to execute on a compelling growth strategy and capitalize on the substantial opportunities ahead.”

So if you want to unlock more content of the game instantly, buy Buy Roblox Adopt Me Items from RVGM.COM is a cost-effective way for saving time and money! Cheap Buy Roblox Adopt Me Items for sale are full stock on all servers and platforms, safe transaction are promised for both payment and delivery. What’s more, no matter when you buy Buy Roblox Adopt Me Items from us, fast delivery and responsive customer support make you no worries.