That could create some post-listing dip opportunities for investors.
Securities and Exchange Commission (SEC) changed the rules on direct listings, allowing companies to raise cash by auctioning new shares in parallel with sales by current shareholders.īecause Roblox recently raised money in a Series H round, and its capital needs would seem pretty much in hand for now, the direct listing is more likely a way to afford those current shareholders a liquidity opportunity. Initial Public Offering Get ready to trade it ROBLOX Corp ROBLOX Corp Trading - ROBLOX Corp Live Price & Charts at 39.9600 -1. What is that? A move in December by the U.S. The RBLX direct move has an advantage over those two transactions. RBLX Stock Listing Avoids Traditional Routeīy taking RBLX stock direct to market and avoiding the traditional IPO route, management is following in the footsteps of two other disruptive firms, Spotify Technology (NYSE: SPOT) and Slack Technologies (NYSE: WORK). (Reuters) -Roblox Corp said on Wednesday it aims to go public through a direct listing, instead of an initial public offering (IPO) as originally planned, and has raised new funding in. The earlier plan for an IPO fell apart after difficulties in determining the right price for the gaming platform’s shares, coming in the wake of strong market debuts by Airbnb (NASDAQ: ABNB) and DoorDash (NYSE: DASH). After the company reached a $29.5 billion valuation in a recent funding round, Roblox shares could price at $45 a piece when they come to market. initial public offering Roblox TechCrunch unity Security US government warns Royal ransomware is targeting critical infrastructure Carly :00 AM PST MaThe U.S.
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