The Roblox direct listing is a reason for gamers and investors alike to get excited. Taking the game public and launching it on the stock market will not only provide traders with a solid investment opportunity but could also improve the software itself. Though, when is the direct listing date? How much will Roblox stock cost? Here’s the latest on this developing situation.
When is the Roblox stock direct listing date?
Roblox Corporation becoming a publically traded company might not seem like a big deal, but it really is. Roblox has achieved over 100 million monthly active users, which places it above even Minecraft. Microsoft paid $2.5 billion for Minecraft back in 2014 and the video games industry has grown in the years since. Keeping that in mind, investing in Roblox could prove to be very lucrative. So, when is the direct listing on the New York Stock Exchange (NYSE) going to happen?
The expected Roblox direct listing date is February 2021. Following its NYSE launch, Roblox stock will be publically available for purchase.
Roblox Corporation delayed its planned initial public offering date of December 2020, instead opting for a direct listing in 2021. That much is a fact, though the soon-to-be-public company has not yet confirmed an exact stock exchange launch date. Despite that, multiple sources indicate that Feb. 2021 is most likely.
The Roblox ticker symbol will be “RBLX,” though it’s currently unknown what the exact stock price will be. The private valuation of Roblox sits at nearly $30 billion, so it won’t be an entry-level investment.
With a userbase that mostly skews towards younger players, it’s unlikely that many Roblox fans will understand the significance of the change. The Roblox direct listing could still benefit them, however, with extra cash flow for the developer potentially spawning in-game improvements.