Roblox Just Put Out Guidance Ahead of Its Direct Listing. Here's What Investors Need to Know
Roblox, a gaming and interactive platform built for kids and teenagers, is set to hit the public markets on Wednesday with a direct listing. The company did phenomenally in 2020 with lockdowns and school closures forcing kids to play with their friends digitally instead of in person.
But what about this year and beyond? Before its direct listing on March 10 (similar to an initial public offering, but without raising money), management released user and financial guidance for the 2021 fiscal year. Here's what anyone thinking of investing in Roblox needs to know before shares start trading later this week.
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Source Fool.com