Roblox shares surge 60% on first day of trading amid lockdown gaming boom

Roblox shares surge 60% on first day of trading amid lockdown gaming boom
Mark Sweney
© Provided by The Guardian
Photograph: Alamy
Shares in Roblox, the virtual gaming world that has proved to be a lockdown winner with hundreds of millions of mostly young players, have surged 60% valuing it at $47bn after an investor frenzy on its first day of trading on the New York stock exchange.
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Roblox may not have the profile of a Fortnite or Minecraft, but its formula – allowing players to develop simple multiplayer games, socialise with friends and buy its digital currency to pay for virtual items – has made it a global phenomenon.

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