Roblox goes public for $38 billion USD
Roblox (NYSE:RBLX) goes public after a direct listing announcement earlier this year, topping out at over $30 billion USD. The company specializes in user-coded games under the Lua code language. Free to play, users may purchase Robux for in-game purchases - the platform currently has over 164 million monthly active users. At the time of writing, the indie gaming developer trades at a share price of $69.70 USD pre-market with a market cap of over $38 billion USD.
Thanks for reading another Methodical Minute. To read more just like this, please subscribe below and share with someone you know.