Roblox claims it is ranked as one of the top online entertainment platforms for users and audiences under the age of 18. It is powered by a community of eight million developers who produce their own multiplayer experiences using the company’s desktop design tool called Roblox Studio. Roblox aims to build a platform where users can come together to play, learn and communicate. Roblox stock gained another 6.3% yesterday to end trading at $73.9, valuing the company at a market cap of $38.26 billion. It ended the day at $69.5 indicating a return of 54% for IPO investors. Roblox priced its IPO at $45 per share and began trading at $64.5 on March 10. Earlier this week, one of the world’s most popular video game platforms- Roblox Corp. It gives you a chance to bet on the growth story of a company that is looking to raise equity capital to focus on expansion. Investing in IPOs (initial public offerings) continues to excite growth investors.
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