Roblox goes public, ends first day valued at $38bn

Roblox went public yesterday – and ended up with an eye-watering $38bn market cap.

The free-to-download virtual gaming world, which is available on PC, Xbox and mobile, made its market debut on the New York Stock Exchange on Wednesday and its share price quickly soared.

According to CNBC, the company’s stock closed at $69.50, giving Roblox a market cap of $38.26bn.

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