<p><img src="https://static2.businessinsider.com/image/6033effc38aa9f00185e03b4-2400/Roblox CEO David Baszucki.jpg" border="0" alt="Roblox CEO David Baszucki" data-mce-source="Ian Tuttle/Getty Images" data-mce-caption="David Baszucki, founder and CEO of Roblox, presents at the Roblox Developer Conference on August 10, 2019 in Burlingame, California."></p><p></p><bi-shortcode id="summary-shortcode" data-type="summary-shortcode" class="mceNonEditable" contenteditable="false">Summary List Placement</bi-shortcode><ul><li><strong>Roblox said it plans to go public through a direct listing next month, according to a filing from the company.</strong></li><li><strong>Roblox is a video game platform that was most recently valuated at $29.5 billion last month.</strong></li><li><strong>The firm had previously planned to go public via a traditional IPO late last year, but delayed the public debut following the volatile opening trades in several IPOs like DoorDash and Airbnb.</strong></li><li data-stringify-indent="0"><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell'utm_source=markets&utm_medium=ingest'utm_source=markets&utm_medium=ingest'utm_source=markets&utm_medium=ingest'utm_source=markets&utm_medium=ingest" target="_blank" rel="noopener noreferrer" data-stringify-link="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell" data-sk="tooltip_parent"><strong data-stringify-type="bold">Sign</strong><strong data-stringify-type="bold"> </strong><strong data-stringify-type="bold">up</strong><strong data-stringify-type="bold"> here for our daily newsletter, 10 Things Before the Opening Bell</strong></a><strong data-stringify-type="bold">.</strong></li></ul><hr><p>Roblox has finally set its eye on a date to go public: "on or about" March 10, according to <a href="https://www.sec.gov/Archives/edgar/data/1315098/000119312521049767/d87104ds1a.htm#:~:text=Index%20to%20Financial%20Statements,-%E2%80%A2&text=Daily%20paying%20users%20on%20Roblox,and%20approximately%20490%2C000%20in%202020.&text=Revenue%20grew%2056%25%20from%20%24325.0,to%20%24923.9%20million%2C%20in%202020.">a company filing</a> submitted to the SEC on Monday.</p><p>Roblox is an online platform that allows users to easily develop and play video games. The firm was founded in 2004 and was valued at $29.5 billion last month after it raised $520 million in a Series H round. A year ago, Roblox was valued at $4 billion.</p><p>Roblox said in the SEC filing that it plans to go public via a direct listing on the New York Stock Exchange and will issue 198.9 million shares.</p><p>The firm had planned to go public via a traditional IPO late last year, <a href="https://www.businessinsider.com/roblox-has-pushed-its-ipo-to-2021-seek-higher-price-2020-12">but delayed the process after it saw volatile opening trades</a> in the public debut of DoorDash and Airbnb. Roblox then planned a direct listing to take place this month, but <a href="https://www.cnbc.com/2021/01/29/sec-scrutiny-delays-roblox-stock-market-listing.html">an inquiry into its finances by the SEC</a> pushed back the public debut once again. </p><p>That inquiry has since been resolved, with <a href="https://www.cnbc.com/2021/02/11/roblox-says-revenue-was-higher-than-reported-pushes-listing-to-march.html">Roblox restating its finances,</a> resulting in higher revenues and a lower net loss than previously reported. For 2020, Roblox recorded $924 million in revenue, representing year-over-year growth of 82%. The platform averaged 32.6 million daily active users last year, representing annual growth of 85%.</p><p>Roblox will trade under the symbol "RBLX" and Goldman Sachs, Morgan Stanley, and Bank of America Securities will serve as financial advisors to the company amid the direct listing. </p><p><a href="https://markets.businessinsider.com/news/stocks/roblox-public-stock-videogame-platform-direct-listing-march-ipo-2021-2-1030109065#comments">Join the conversation about this story »</a></p> <p>NOW WATCH: <a href="https://www.businessinsider.com/what-if-jump-off-international-space-station-2018-6">What would happen if you jumped off the International Space Station</a></p> Click here to read full news..