Roblox stock is going public, with investors being able to purchase RBLX stock for the very first time. The IPO will go live today, March 10, though as a result of the various controversies surrounding the app, many are wondering if Roblox stock will be on Robinhood.
Can you buy Roblox stock on Robinhood?
Roblox stock will be on Robinhood, with the trading app set to offer investors the opportunity to purchase RBLX stock when it goes live.
While Robinhood came under fire as a result of limiting purchases of popular stock such as GameStop (GME), AMC, and others after their explosion in popularity, the trading app has resumed normal service since then. Robinhood’s Terms of Service still puts it within its right to limit trades of certain stock — something which has been disputed in a class action lawsuit — though it’s unlikely to affect RBLX when it goes live.
How to buy Roblox stock on Robinhood
Roblox stock will be on Robinhood, with the trading app set to offer investors the opportunity to purchase RBLX stock when it goes live at 9.30 AM PT today, March 10. In order to buy RBLX on the app, follow these steps:
- Search ‘RBLX’ and then select Trade on its page
- Enter the amount in dollars that you’d like to purchase
- Review and confirm your order of Roblox stock
After confirming your order you will then own Roblox stock, which you can either hold on to or sell when you feel you will make a reasonable profit. Analysts have predicted that RBLX will receive a signature surge from its $45 reference price after going live, given the popularity of the game and the interest in it going public. However, would-be investors will have to wait until the market opens to see if that will be the case and if they will be able to make a profitable investment.