Roblox is one of the most popular online gaming platforms and game creation systems that enable its users to program and play games created by the users.
Roblox is free-to-play so users don’t have to pay money to create or play the games created by users. So how does Roblox make money? There are in-game purchases that make the experience better for its users and this is how they make money.
It was first released in 2006 and like any other videogame company, it has come a long way since then. It first gained traction in the mid-2010s and the growth continued. The highest market value increase came only about a year ago with the COVID-19 pandemic.
Without school and working at home, youngsters gave themselves into what Roblox had to offer. This increased the market value of the company significantly. The company was valued at $4 billion and it has grown to almost $30 billion in a fundraising at the beginning of 2021. The market value of Roblox increased more than seven fold.
Now the company is preparing for an IPO but there is more to be known with the recent developments.
When is IPO going public?
It was first thought that Roblox was going public in November 2020 but it had a delay and this is only expected to last for a bit longer. The company stated in the latest regulatory filing that it aimed to list shares on the NYSE in February 2021. With SEC scrutinying the videogames industry about how the companies recognize revenue from the sales of their in-game currencies, there might be further delays in the IPO date.
What is Roblox IPO price?
Roblox was valued at $29.5 billion in the latest funding round. In the updated filing by the company, Roblox had an independent valuation report in December. This valuation placed the shares at $41.52 per stock, about $3.5 more than its valuation in the latest funding round. So the Roblox IPO price is likely to be between $40 and $45.
How to buy Roblox stock?
Roblox will list its shares on the New York Stock Exchange. You can buy Roblox stock from any stock selling and buying platform that can purchase NYSE stocks.
What’s Roblox stock ticker?
Every stock has a ticker – a symbol that’s used for identifying the stocks. Roblox stock ticker will be “RBLX” which doesn’t come so surprising as this is how even its users referred to the company.