Roblox, the platform for user-generated games, will go public through a direct listing of its shares on March 10.

Shares of Roblox jumped as much as 16% in a long-awaited public trading debut that left the online gaming company with a $44 billion valuation.

Roblox (RBLX) closed at around $69.50 on its first day of trading on on Wednesday. Shares began trading at $64.50 each, well above their reference price of $45 set by the New York Stock Exchange ...

Roblox had been preparing to go public since at least October 2020. However, the firm opted for a direct listing due to concerns that its stock would be under-priced in a traditional IPO.

Furthermore, there's no telling exactly how expensive Roblox stock will be by the end of the first trading day. We don't even have a firm IPO date yet, nor a final asking price for the new stock.

Executives at gaming giant Roblox pushed the company's planned IPO back to 2021, as they reportedly sought a higher initial listing price.

According to Roblox's S-1 filing with the SEC, just released, the company averages 31.1 million daily average users (DAUs), generating $589 million in revenue in the first nine months of 2020.

Roblox, a gaming company that had been preparing to go public this month, has decided to delay its initial public offering until next year, in a sign that the enthusiastic market for I.P.O.s by ...

When does the Roblox direct listing go live? Originally announced in February, Roblox will go public on Wednesday, March 10, 2021. The company will being trading under the RBLX ticker.