2/11/2024 0 Comments Roblox ipo releaseThis factors in that Roblox has 652 million shares outstanding.However, sources close to the Roblox IPO said a $45 reference price means the company could be worth as much as $29.3 billion.The reference price in a direct listing does not indicate the market capitalization.It follows other tech companies like Palantir and Asana. Importantly, the Roblox IPO will be the fifth such direct listing.Instead, existing shareholders can sell their shares based on market demand. This means the company will not be raising any capital.Unlike traditional initial public offerings, Roblox has chosen to come public via a direct listing.On Tuesday, the NYSE set a reference price for RBLX stock of $45.The company was initially set to go public through an initial public offering (IPO) but will now go through a direct listing. Roblox filed to go public late last year but delayed its debut after DoorDash and Airbnb soared more than expected out of the gate.What should investors know about Roblox IPO and stock? Roblox IPO However, it was founded in 2004 by David Baszucki and Erik Cassel, who previously founded a simulated physics lab called Interactive Physics. The company currently known as Roblox was first released in 2006. Games are free to play, and the company sells digital currency called Roblux that can be used to buy virtual goods and enhance characters. Roblox is a US-based online game platform and game creation system that allows users to create an avatar that they can move across titles. What should you know about the Roblox IPO? And what makes the IPO standout? About Roblox The company is currently valued at $29.5 billion and up to 199 million shares are up for grabs. Roblox has become a household name since its founding 17 years ago, and investors are excited. Video game developer Roblox goes public today with a direct listing on the NYSE today, under the ticker (NYSE: RBLX). Analytics, 10 March 2021 Roblox IPO: What Investors should know
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |