Roblox Corp said on Wednesday it aims to go public through a direct listing, instead of an initial public offering (IPO) as originally planned, and has raised new funding in a deal that values the U.S. gaming platform at nearly $30 billion. In a statement, Roblox said it had raised around $520 million in a new Series H private fundraising round led by Altimeter Capital and Dragoneer Investment Group. The funding round valued Roblox at $29.5 billion, more than seven times the $4 billion the company was valued at in its Series G round 11 months ago. San Mateo, California-based Roblox is among the world's most popular gaming sites for children and offers a host of games across mobile devices and games consoles. U.S. demand for video games has surged as consumers seek home entertainment while living under lockdown measures to curb the spread of COVID-19. Roblox's plans to switch to a direct listing was reported earlier by Reuters. The move comes after Roblox told employ
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