Roblox Stock Surges on IPO
Roblox (NYSE: RBLX), the world's most popular gaming site for children, debuted on the public markets on Wednesday, initially soaring more than 42% from its reference price of $45 set by the New York Stock Exchange, roughly the same price paid by private investors earlier this year.
Roblox shares began trading at approximately 1:33 p.m. EST at $64.25, gaining as much as 52% in the minutes following its debut. As of this writing, the stock is still gaining ground, up 64% to about $73.80, valuing the company at roughly $46 billion.
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Source Fool.com
