Online game platform Roblox said Monday that on a confidential basis it had submitted a draft registration statement to the Securities and Exchange Commission for a public offering of common stock.
The San Mateo, Calif., company said it hasn’t determined the number of Class A common shares it will sell and at what price.
Roblox said it intends to commence the public offering following completion of the SEC review.
The company is aiming for a public valuation of about $8 billion, Reuters reported earlier this month.
That would double the $4 billion valuation it got in a $150 million fundraising round in February led by venture capital firm Andreessen Horowitz. The VC firm said in February that the platform reached more than 115 million monthly users.
The company hosts millions of games that are built by its users, who then get a share of any related revenue.
In two emails sent internally this weekend, Palantir Technologies blamed Morgan Stanley for a “failure” that left some employee and alumni shareholders unable to sell their shares when the company made its public debut last Wednesday.
The problem stemmed from a glitch with Morgan Stanley’s trading platform Shareworks.
In an unsigned email sent late in the evening Sunday, Palantir said it had heard from Morgan Stanley that the bank was in a “war room” all weekend working to determine which shareholders were owed compensation.
A spokesperson for Shareworks at Morgan Stanley said the issue was a “slowness” that “may have resulted in delayed logins into our system.”
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Palantir placed blame squarely on Morgan Stanley following a glitch in the bank’s trading software Shareworks on Wednesday, according two unsigned emails sent to “Palantirians” on Saturday and Sunday, which were obtained by Business Insider.
As the drive increases for society to become more inclusive, and provide sustainable and equitable support for Black communities, the real estate sector has come into the spotlight for lack of racial representation.
To date, Rod Watson, founder of The Watson Group LAVIPagent team, and Director of Sports and Entertainment at Keller Williams Beverly Hills, has sold and negotiated over $120 million in real estate during his 14 year career. He says, “I’ve learned a lot of valuable information when it comes to real estate investing. My focus has been to help as many athletes and people of color as I can to generate, and maintain generational wealth through real estate investing. That is my purpose and reason for being in this business.”
The real estate technology venture and home improvement marketplace announced plans in July to become publicly traded through a merger that values the Seattle company at $523 million. Porch will combine with PropTech Acquisition Corp., a special purpose acquisition company, or SPAC.
The board members will join on Porch’s first day of public trading. They include:
Javier Saade, founder and managing partner of Impact Master Holdings; venture partner at Fenway Summer Ventures; former associate administrator of the U.S. Small Business Administration.
Chris Terrill, former CEO of HomeAdvisor and Angie’s List; board member of Realogy Holdings Corp. and Infogroup.
Regi Vengalil, CFO of Egencia (Expedia’s corporate travel division); former global head of corporate development and strategy at Expedia Group. He will serve as
Gaming hardware company Corsair (Nasdaq:CRSR) is now Nasdaq listed, having raised $238 million by offering 14 million shares at $17, a month after filing for an Initial Public Offering. It’s an interesting time for gamers, with the pandemic seeing increased sales as more people spend additional time at home, while gaming itself is a growth area across most platforms, including the PC.
I caught up with Corsair’s director of worldwide PR, Harry Butler to get his take on Corsair’s listed status, its view of the gaming market and plans for growth.
Antony: Corsair was looking to go public a while ago – what changed to get over the finishing line this time?
Harry: Several things and firstly it was the involvement of venture capitalists a few years ago through our partners at EagleTree who saw the potential