Digital games company
Roblox is one of the few companies that have gone public through a direct listing, an alternative to an initial public offering in which the shares begin trading without the company issuing new stock.
The company’s shares, which opened trading at $64.50 apiece, closed at $69.50 in New York, giving Roblox a market value of more than $38 billion. The company’s fully diluted valuation, including restricted stock units and employee ...
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