Shares of US gaming company Roblox Corp closed at $69.47 in its New York Stock Exchange trading debut, up by 54.4 percent from the reference price of $45, valuing the company at $45.2 billion.
The San Mateo, California-based Roblox opened at $64.5 and ended trading, up and based on where its stock had been trading in less liquid private markets.
Roblox CEO Executive David Baszucki said that going public can bring awareness to their company, safely show their financials, show the value of what they’re doing.
The gaming company went public through a direct listing rather than a traditional initial public offering, which meant it did not sell any shares in advance of its market debut.
Roblox is among the world’s most popular gaming sites for children and offers a host of games across mobile devices and gaming consoles.
The company benefited from US demand for video games surging last year as consumers, amid lockdowns to curb the spread of the new coronavirus, sought home entertainment.
The company is expanding into other countries and is also making inroads with older users, passing the phase where more people over the age of 13 will be on the platform than under 13, Baszucki said.


Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings
Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement
Google Secures Pentagon AI Deal for Classified Projects
OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S.
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat
Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List
Advantest Stock Falls on Weak Outlook Despite Strong AI-Driven Results
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges
DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours
Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift
Ford Q1 Earnings Beat Expectations, Stock Surges on Strong Guidance 



