When Can You Purchase Roblox Shares? Take Note Of This March Date!
Always dreamed of owning shares in Roblox? Now's your time!
The day we’ve all been waiting for is almost upon us, this year fellow gamers and fans will be able to purchase shares in the online platform game, Roblox. Maybe 2021 won’t be so bad after all!
What Is Roblox?
Roblox is advertised as a global platformer that brings people together through play. The title allows players to develop or play millions of different games. Roblox was released way back in 2006 and has now brought in billions of revenue. Towards the end of 2020, out of all of the games on the iOS App Store, Roblox was the second-highest in terms of revenue generated.
Since the beginning of the COVID-19 pandemic, with millions not attending work or school, the popularity of the game has seen a huge increase.
Like most games of this generation, Roblox is free-to-play and generates revenue through in-game currency known as “Robux”. Truly creative.
When Will Roblox Shares Be Available For Purchase?
After delaying plans to go public with Roblox shares, they will now be available to purchase “on or about” March 10, 2021! According to an SEC filing.
This date of course could be subject to change if the company decides to delay further for another time.
Why Are Shares Available Now?
Roblox Corp. originally intended to go public with its shares at the end of 2020, after filing for an IPO in November of 2020. After discovering that companies Airbnb and DoorDash also had the same idea, the decision was made to hold off from entering the market so that they could capture enough attention.
The company also hit a bump in the road when the Securities and Exchange Commission requested changes to how Roblox Corp. accounted for the sale of the virtual currency ‘Roblux’.
Now, with the gaming industry being one of the few economic sectors doing well during the ongoing pandemic, this is a better time than ever before to put shares on the market.