Name: Putting Roblox’s incredible $45 billion IPO in context
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Putting Roblox’s incredible $45 billion IPO in context

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Yesterday, Roblox made good on its plans to go public, with employees and previous investors selling hundreds of millions of shares in on the New York Stock Exchange. In a private funding round in January, those shares were worth $45. When the market closed Wednesday, they were selling at $69.50, a price that valued Roblox Corp. as a whole at $45.3 billion (as of this writing, Roblox Corp.'s stock price peaked at $77.30 and currently sits at $72.72 in Thursday morning trading).How did this company, whose single title has become a game platform unto itself, become worth more than major game publishers like Electronic Arts and Take-Two? To help answer that question, we put together this deep dive into the numbers that are powering the Roblox revolution. They paint a picture of a company with an extremely young and incredibly engaged user base that has ballooned during the 2020 pandemic lockdowns. But Roblox is also a company that is struggling to convert its huge and growing annual revenues into profitability.(Unless otherwise noted, numbers are sourced from or )(Sources: , , )(i.e., total purchases or robux virtual currency, including robux not spent that year)Listing image byYou must to comment.

Yesterday, Roblox made good on its plans to go public, with employees and previous investors selling hundreds of millions of shares in on the New York Stock Exchange. In a private funding round in January, those shares were worth $45. When the market closed Wednesday, they were selling at $69.50, a price that valued Roblox Corp. as a whole at $45.3 billion (as of this writing, Roblox Corp.'s stock price peaked at $77.30 and currently sits at $72.72 in Thursday morning trading).How did this company, whose single title has become a game platform unto itself, become worth more than major game...

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Kyle Orland is the Senior Gaming Editor at Ars Technica, writing primarily about the business, tech, and culture behind video games. Kyle has journalism and computer science degrees from University of Maryland and has previously written for Joystiq, Crispy Gamer, Gamasutra, MSNBC, NPR, Electronic Gaming Monthly, Gamespot, and The Escapist, among others. His latest book, The Game Beat, collects two decades of columns examining the way game are covered in the mass media.

https://arstechnica.com/author/kyle-orland/

Kyle Orland

Ars Technica is a website covering news and opinions in technology, science, politics, and society, created by Ken Fisher and Jon Stokes in 1998. It publishes news, reviews, and guides on issues such as computer hardware and software, science, technology policy, and video games. Many of the site's writers are postgraduates and some work for research institutions. Articles on the website are written in a less-formal tone than those in traditional journals. Ars Technica was privately owned until May 2008, when it was sold to Condé Nast Digital, the online division of Condé Nast Publications.

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Putting Roblox’s incredible $45 billion IPO in context

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