![]() ![]() If mention of Roblox leaves you bewildered, here's what to know: What exactly is Roblox? If you're a parent, then it's likely the only time you ever hear about Roblox is when your kids play it – or discuss the endless activities they complete with friends.Īnd, look, a lot of parents (myself included) are really confused about Roblox, including actress Reese Witherspoon, who shares what it's like when her child talks about the site. This month, Roblox Corporation said it expects to rake in between $320 million and $335 million during the first quarter of 2021, nearly double from the previous year. It will trade on the New York Stock Exchange under the symbol "RBLX." Roblox is expected to start trading shares in the growing video game company on Wednesday. One of the most popular gaming platforms is about to go public. In late December 2020, however, the Securities and Exchange Commission (SEC) changed the rules around direct listings to allow companies to raise cash through direct listings by auctioning new shares along with those of current shareholders looking to sell.Watch Video: IPO, SPAC, direct listing: Terms to know when a company goes public ( WORK) are two notable tech firms that went public through direct listings under the traditional process. ![]() Direct listings were essentially undertaken for liquidity reasons, as new capital wasn't raised because only existing shares were auctioned on the market. There used to be a clear line between direct listings and IPOs. Roblox instead completed another round of private capital raising, meaning retail investors are once again missing out on most of the early growth in a tech company.The company's decision highlights some issues with the IPO process, including the difficulty hitting the right price.Roblox has decided to go with a direct listing rather than its planned IPO due to the pricing issues apparent in the market.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |