Deals
Roblox Reaches $45 Billion Valuation as Shares Rise in Debut
- Game maker goes public via direct listing, planned IPO earlier
- CEO looking ‘two years out’ as pandemic surge winding down
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Digital games company Roblox Corp., transformed into a cultural icon during the coronavirus pandemic, made its public debut Wednesday with its shares rising 7.8% from its opening price.
Roblox is one of the few companies that have gone public through a direct listing, an alternative to an initial public offering in which the shares begin trading without the company issuing new stock.