![]() ![]() ![]() As a result, Baszucki will be able to significantly influence any action requiring the approval of the company's stockholders. Each class B common stock is entitled to 20 votes per share and is convertible at any time into one class A common stock.įollowing the offering, entities affiliated with Roblox's founder, president, CEO and chair, David Baszucki, will hold all outstanding class B common stock. ![]() The rights of the holders of class A common stock and class B common stock will be identical, except with respect to voting and conversion. The o nline gaming platform intends to list its class A common stock on the New York Stock Exchange under the symbol RBLX but has not yet specified the number of shares or price range for the IPO.įollowing this offering, Roblox will have two classes of authorized common stock: class A common stock and class B common stock. The company reported a net loss of $203.2 million and revenue of $588.7 million in the nine months ended Sept. 30, Roblox said there were over 18 million experiences on its platform, with users exploring an average of 20 difference experiences per month. 30, is offers a social platform powered by user-generated content, with the opportunity to create personalized avatars and build 3D worlds. The company, which reported 31.1 million average daily active users for the nine months ended Sept. filed for an IPO of up to $1 billion of its class A common stock. Interactive 3D gaming platform Roblox Corp. ![]()
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