“We recognize the potential ahead of us: to build the platform where billions of people come together to learn, work, and play.”
“We are deeply humbled by the overwhelming support for our public offering today,” co-founder and chief executive David “Builderman” Baszucki said in a tweet. The company’s stock opened at $64.50 and ended trading at $69.47, up from the reference price of $45 per share set on Tuesday and based on where its stock had been trading in less liquid private markets.
The firm, based in San Mateo, California, is among the most popular gaming sites for children and offers a host of games across mobile devices and gaming consoles. That put the company’s value at more than $40 billion.
(ATF) Roblox – the US company whose games that became popular with children around the world during the pandemic – had a big win on Wall Street on Wednesday, when its listed shares soared 54%.
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