U.S. gaming platform Roblox to delay IPO until next year

FILE PHOTO: Alice Wilkinson (7) adds a face mask to her character on the game 'Roblox' at her home in Manchester, as the spread of the coronavirus disease (COVID-19) continues, Manchester, Britain, April 5, 2020. REUTERS/Phil Noble/File Photo

(Reuters) - U.S. gaming platform Roblox Corp has put off its planned initial public offering (IPO) until next year as it works with advisers to improve the process to benefit employees and investors, the company told employees in a memo seen by Reuters.

"We've seen companies take innovative approaches to creating a more market-based relationship between investors and companies," Roblox Chief Executive David Baszucki said in the memo, dated Friday.