David Baszucki, CEO, Roblox.  Photograph by Michael Faas for Fortune Magazine, licensed under Creative Commons

Gaming company Roblox has announced that it’s submitted a formal confidential filing for an initial public offering with the U.S. Securities and Exchanges Commission (SEC), marking it as the latest gaming company looking to hit the public markets. Roblox’s confidential filing corroborates a recent report of the company targeting a public listing that could come as early as next year and surpass its current private valuation of $4 billion. 

Roblox has filed to go public 14 years after its founding and with over $300 million raised since its inception. Among current investors in the company who are likely looking forward to substantial returns from a Roblox exit on the public markets include venture capital firms like Andreessen Horowitz, Tiger Global, and First Round Capital as well as institutional investor Temasek and Chinese tech and gaming giant Tencent. Roblox last raised private funding in February of this year, the funding round being a $150 million Series G that placed the company’s valuation at $4 billion.

Given Roblox’s confidential filing, the famous gaming platform is now set to soon release a public S-1 filing that’ll provide a deeper look into its business and stats and before finally debuting on the public markets. It’s apparent that one of the most popular gaming platforms, currently with over 150 million monthly users, is hitting the public markets soon. 

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