Roblox Stock Goes Public; Value Estimated At $47 Billion!
Stocks in Roblox, the virtual game world that has proven to be a lockdown winner with hundreds of millions of mostly young players, have surged by 60 percent.
Photo : Roblox/ Screenshot from Official YouTube Channel
Stocks in Roblox, the virtual game world that has proven to be a lockdown winner with hundreds of millions of mostly young players, have surged by 60 percent, valuing it at $47 billion after an investor frenzy on its first day of trading on the New York Stock Exchange.
Roblox Stock the Biggest Player in the NYSE
According to ScreenRant, Roblox hit the market with its stock initially listed at an estimated $45, but it jumped to $65 within seconds of going public. At its peak, the company s stock hit an impressive $74.55, but it soon dialed down to $69.50 as its closing price. However, that is still a 54 percent gain!