Coupled with the cancellation of extracurricular sports and colder weather, the primary source of entertainment for kids will be online. Over 50% of Roblox’s users are 12 and under.Lockdown measures have forced kids to stay at home. As an online gaming platform, Roblox is certainly insulated from the adverse consequences of COVID-19. Many speculate that Roblox is the beneficiary of a global pandemic that has forced many of us to remain inside for over a year. Meaning in a year the company achieved the coveted x10 growth. However, it pales in comparison to the valuation spike that Roblox has experienced throughout the pandemic.įor context, Roblox’s valuation was just $4 billion in its Series G round in February 2020. Pandemic Boom? A 60% surge from a reference launch price (based on the funding round)is impressive. Roblox debuted on the NYSE on Wednesday Maopening at $72 per share (surging 60% higher than the reference launch price of $45 a share). This time from Roblox Corporation’s global behemoth – Roblox. Last Wednesday we saw yet another impressive tech IPO. Hi friends and new readers, welcome back to FinTech and IPOs, an informative database dedicated to all the present and future Fintech developments and burgeoning IPOs taking place in North America and (occasionally) other major markets.Ī sleeping giant no more. Roblox Topped an impressive $45 Billion on its First Day of Trading.
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