A month after shelving its plans to go public, video game company Roblox Corp. stated that it raised $520 million and that it is aiming for a direct listing.A direct listing permits companies to float their shares directly on the stock market, rather than going through the underwriting process typically associated with taking a company public. Data-mining company Palantir Technologies Inc., streaming service Spotify Technology SA and workplace messaging platform Slack Technologies Inc. went public via direct listings.A series H funding round led by Altimeter Capital and Dragoneer Investment Group placed the company’s shares at $45 a piece, bringing its value to a total of $29.5 billion. The company was valued at $4 billion following a $150 million raise in February 2020.The Investment Group of Santa Barbara and Warner Music Group also took place in the funding round, as did numerous of its existing investors.
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