Roblox (RBLX) Direct Listing IPO Opens 43% Higher

Today's direct listing IPO for Roblox (NYSE: RBLX) opened for trading at $64.50 per share, above its direct listing reference price of $45 per share. 198,917,280 shares will be registered in the offering.

Roblox is a popular gaming platform for tweens and teens. The company has 32.6 million daily active users. The company grew its revenue 82% to $924 million in 2020. Net loss was $253 million for the year. Net cash provided by operating activities was $524.3 million in 2020.

In the year ended December 31, 2020, users spent 30.6 billion hours engaged on the platform, or an average of 2.6 hours per daily active user each day. Over the same period, our users explored an average of around 20 different experiences on the Roblox Platform per month.

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