12/17/2023 0 Comments Roblox logo 2020![]() ![]() ![]() “Roblox’s blockbuster debut mirrors other gaming and broader tech IPOs that have gone live in the last six months, with high levels of demand on the secondary market after the company lists,” John Patrick Lee, ETF Product Manager at VanEck, said. Wood’s ARK Next Generation Internet exchange-traded fund (ETF) said it had bought more than 500,000 shares of Roblox, weighting it at 0.47% of the fund and adding to the strongest opening ever for a direct stock market listing. The California-based company’s stock was up 5.3% in late morning trades, after having risen more than 20% earlier in the day, also boosting the value of the shares held by founder David Baszucki - known to Roblox users as his avatar “builderman” - to more than $4.6 billion. The Roblox logo is displayed on a banner, to celebrate the company's IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, U.S., March 10, 2021.
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