After so much anticipation and an unexpected delay, Roblox finally makes its way to the stock market and will be listed under the RBLX stock ticker on the New York Stock Exchange today on March 10. Now, you have the answer to 'What Time Does Roblox Go Public?'
Roblox is an open platform that allows its users to either create games or play fan-made titles. Due to the platform's incredible options in providing a code-free game development environment with a user-friendly system, Roblox now has over 33 million monthly active users. A lot of creative titles have been developed inside the platform so far, and teenagers and young adults keep using the eco-system as a way to have income by selling their games inside the Roblox platform.
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The RBLX Stock Price Range
Instead of taking the traditional IPO route, Roblox will directly take its stock to the market. This will allow the management to raise cash by auctioning new shares in parallel with sales by current shareholders. According to InvestorPlace, regarding the company's $29.5 valuation recently, the price range for each share of RBLX stock could be around $45.
Do Your Own Research Before Purchasing
Currently, Roblox is arguably one of the best platforms on PC and Consoles that features a huge community, but that doesn't mean they can repeat the same success in the stock market as well. If you want to be a shareholder of Roblox, we strongly suggest you make sure to do some deep research about the stock market, the status of the company, their future plans, and your expectations. Don't attempt to purchase the RBLX stocks without doing your own research.
Roblox is now available for free on Xbox One, Xbox Series X, PC, and Mobile. No plans for a PlayStation version have been announced yet.