Roblox hits the market with an explosive year of growth, primarily from kids who were stuck at home because Covid-19 forced schools to close and sports leagues to shut down. The investor demand for fast-growing young companies has been so off the charts that Roblox decided in December to delay its listing because it was too difficult to price its shares accurately.īased on a fully diluted share count of 652 million, which includes restricted stock units that will convert to common stock, the company was worth $45.3 billion, as of its closing price. When Airbnb and DoorDash went public last year, their share prices immediately soared, raising questions about whether there was a new stock market bubble. Roblox’s performance was another sign of an increasingly hot public offering market. It’s just raining money on these people, on these companies,” said a New York University professor who studies the business of video games Joost van Dreunen as per NY Times.
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