The San Mateo, California-based firm had filed to raise $1 billion through an IPO on the New York Stock Exchange and was expected to join a year-end IPO wave.Ī person familiar with the company said it hoped to get a higher IPO pricing after seeing Airbnb and DoorDash spike on their first day trading this week, which it sees as examples of companies underpricing IPO shares and leaving money on the table.

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“We’ve decided to take this opportunity to work with our advisors to see how we can make such improvements.” “We’ve seen companies take innovative approaches to creating a more market-based relationship between investors and companies,” Roblox Chief Executive David Baszucki said in the memo on Friday. gaming platform Roblox has put off its planned initial public offering until next year as it works with advisers to improve the process to benefit employees and investors, the company told employees in a memo seen by Reuters.

The San Mateo, California-based firm had filed to raise $1 billion through an IPO on the New York Stock Exchange and was expected to join a year-end IPO wave.

“We’ve decided to take this opportunity to work with our advisors to see how we can make such improvements”.

Chief Executive David Baszucki said the company expects to list early next year.

Roblox delays ipo