Roblox Corp. goes public: outperform EA and Take-Two in one day

It is a great day for Roblox Corp., the company behind the successful game Roblox, since the software house behind the game is now listed on the New York Stock Exchange, as part of a commercial move that marks the next stage in the developer's growth. The Wall Street Journal reports that Roblox has concluded its first day of trading with a market valuation of over $ 45 billion. This places the company's assessment higher than that of Electronic Arts, which owns numerous sports franchises including Madden NFL e FIFA, as well as Take-Two, the parent company of the developer of Grand Theft Auto Rockstar Games.

We're excited for @Roblox to ring the Opening Bell in celebration of their Direct Listing ? pic.twitter.com/hx8xnS956C

- NYSE ? (@NYSE) March 10, 2021

The founder David Baszucki was present in New York to ring the opening bell, marking the start of negotiations for Roblox, which will operate with RBLX. Baszucki said: “In 2004, we founded Roblox with the vision of connecting the world. Today, as we celebrate our direct listing on the New York Stock Exchange, we recognize the potential ahead of us: to build the platform where billions of people come together to learn, work and play. " A direct listing is different from an initial public offering (IPO). With a direct listing, outstanding shares are sold, compared to an IPO where new shares are created and sold to the public. Roblox Corp. has an estimated value of $ 30 billion and this could grow substantially with the choice of direct listing.

What could happen is that Baszucki you become a multibillionaire due to direct listing. Today's move alone should earn him $ 3 billion. He will forgo any compensation until 2027 and should also, according to his statements, make donations to charity. Baszucki is attempting to create a "metaverse" with Roblox, which is exactly what the studio behind it is. Fortnite, Epic Games, is trying to get. Baszucki then confirmed that his idea is to make Roblox a rich virtual world where players can do whatever they want.