The Tencent-backed social gaming platform developer had been reported to be targeting an $8bn valuation in its initial public offering.

US-headquartered online gaming platform developer Roblox confirmed yesterday it has confidentially filed for an initial public offering on an undetermined market that could allow internet group Tencent to exit. Formerly known as DynaBlocks, Roblox is the creator of an immersive gaming platform with more than 120 million monthly active users who can create, play and…

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