Executives at gaming giant Roblox pushed the company's planned IPO back to 2021, as they reportedly sought a higher initial listing price.

Roblox IPO Postponed Into 2021 December 12, 2020 — 09:19 pm EST Written by Rich Smith for The Motley Fool -> ...

The company's growth exploded in 2020. But what about 2021? Roblox, a gaming and interactive platform built for kids and teenagers, is set to hit the public markets on Wednesday with a direct listing.

Roblox has acquired Loom.ai for an undisclosed price to enable its users to create realistic 3D avatars. Roblox also delayed its IPO.

Roblox IPO Postponed Into 2021 By Rich Smith – Dec 12, 2020 at 9:19PM ...

This month, Roblox Corporation said it expects to rake in between $320 million and $335 million during the first quarter of 2021, nearly double from the previous year.

What To Know: The Roblox community grew from 32.6 million daily active users in 2020 to nearly 50 million across 180 countries by the end of November 2021.