10/4/2023 0 Comments Roblox ipo robinhoodLast year, the company raked in $924 million in revenue and holds a market cap of $39.5 billion, which is an impressive value for a company of its size. Since then the company has seen more appreciation in its price, trading at $76. At its IPO on March 10, RBLX stock was up 54.5% ending the day at $69.50. Moreover, given that its target audience is so young, Roblox has plenty of potential to grow and expand its core business.Īs for the numbers, you could say Roblox is at the top of its game. As a generation that grew up in the tech era, companies that are able to digitize real-world experiences stand to gain big. This digital-first gaming environment has been a big hit in the Generation Z community that Roblox considers its core audience. The company operates what it refers to as the “ metaverse” where gamers can come together and play games in a virtual environment.
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