Roblox is big! The gaming app, which experienced a big surge in popularity amid the pandemic, made its debut on the New York Stock Exchange on Wednesday (March 10) and closed at $69.50 per stock, giving the company a market cap of over $38 billion, CNBC reported. “Shares began trading at $64.50, which represented a 43% increase from a private financing round in January, when the company sold shares for $45,” the news outlet reported of the company, which is now trading under ticker symbol RBLX.
Roblox is one of the top-grossing apps on Apple and Google devices. In the game, users create avatars that can move between games on the service, allowing users to do things like visit theme parks, adopt virtual pets and fight enemies with friends.
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