![]() ![]() As we reported back in November, Roblox said it experienced rapid growth in the first nine months of 2020. One thing investors should definitely note is that Covid-19 has had positive impacts on business. What to Know About RBLX Stock and the Roblox IPOĪt this point, what makes RBLX stock and the Roblox IPO stand out? Investors should also note that Roblox is not exactly identical to other game developing stocks. ![]() The company delayed however, following debuts by Airbnb (NASDAQ: ABNB) and DoorDash (NYSE: DASH).Securities and Exchange Commission to come public before the end of 2020. Roblox initially filed its S-1 with the U.S.Luisa Beltran wrote for Barron’s that approximately 199 million shares will the market today.This 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 (NYSE: PLTR) and Asana (NYSE: ASAN). 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. ![]()
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