If You Invested $100 in Roblox's IPO, This Is How Much Money You'd Have Now
It's only been a month since Roblox (NYSE: RBLX) came public through its direct listing. At the current quote of around $70 per share, the stock is still trading close to the level it opened for trading on March 10, so you might be up a few dollars on an initial $100 investment so far.
One thing that might be keeping the stock in check is a steep market capitalization of $39 billion. That looks enormous for a business that hasn't cracked the $1 billion revenue level yet.
Still, identifying great companies early on in their growth cycle can lead to life-changing investment returns. That's why it pays to research new IPO stocks -- especially a fast grower like Roblox.
Source Fool.com
