The delay follows fierce debate and speculation over the apparently volatility, with many analysts fearing a new tech bubble potentially driven by retail investors making use of new digital trading services such as Robinhood. Sources told Reuters that executives had been rattled by the incredible share spikes that followed Airbnb and Doordash's market debuts last week, worrying that a similar showing for Roblox would lead to the company itself missing out on cash. The children's gaming company Roblox has reversed its plans to go public before the end of 2020 after the red-hot market for Airbnb and Doordash stocks sparked fears that early investors in similar companies could lose out.ĭavid Baszuki, Roblox's chief executive, told investors that the company would delay its public float until next year in order to "improve" the offering.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |