soared in their trading debuts last week as the S&P 500 Index reached a new high. San Mateo, California-based Roblox filed for its IPO last month, aiming to capitalize on a pandemic-fueled sales surge and the growing popularity of its platform.Īffirm also filed to go public in November, and the delay from the SEC comes as it joined a wave of consumer-facing technology companies planning to list by the end of the year. “That work will continue over the holidays and, as a result, we expect our listing will take place early next year.” “As such, we’ve decided to take this opportunity to work with our advisors to see how we can make such improvements,” he said, without being more specific on the changes he’s seeking. No final decision has been made and the timing could change, they added.įor Roblox, the online video game platform is seeking improvements to the process as it relates to employees, shareholders and future investors, according to a company-wide memo by Chief Executive Officer David Baszucki that was seen by Bloomberg. There’s still a window for the San Francisco-based company to launch the share sale this year, two of the people said.

Securities and Exchange Commission, according to the people, who asked not to be identified because the matter isn’t public.

weighs a similar move, according to people familiar with the matter.Īffirm, a provider of installment loans to online shoppers, had been trying to go public this month but its plans could now slip until next year because it’s still working on clearance from the U.S. told employees it would delay its initial public offering until next year as another IPO candidate Affirm Holdings Inc.

Roblox delays ipo