After blockbuster direct listing, gaming company Roblox now worth $45B+
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Roblox Corp. floated on the New York Stock Exchange today through a direct listing and closed its first day of trading at $69.5 per share, giving the company a fully diluted market capitalization of more than $45 billion.
The company’s strong debut could send an encouraging signal for other tech firms considering to go public via a direct listing.
San Mateo, California-based Roblox operates a popular videogame app of the same name that had more than 32 million active daily users as of 2020. Users can create their own three-dimensional games atop the company’s infrastructure without writing any code and make them available to others.