Gaming platform Roblox preparing IPO - sources
Venturing into another world, sources say gaming firm Roblox is preparing for a U.S. stock market listing.
People familiar with the matter say the move could come early next year, adding that the gaming platform thinks it could double its recent $4 billion valuation.
U.S. demand for video games has surged as consumers seek home entertainment.
Spending on video gaming there hit a record $11.6 billion in the second quarter.
That's up around 30% from a year ago.
The sources told Reuters that Roblox is weighing whether to go public through a traditional initial public offering or a direct listing, with plans subject to market conditions.
Roblox declined to comment.
California-based Roblox was founded in 2004, and now has more than 115 million monthly active users.
It boasts more than 1.5 billion hours of monthly engagement with its games across mobile devices and games consoles.
