Roblox is a global platform that brings people together through play. Every day, millions of players imagine, build, and play together within immersive 3D worlds.
But when will it start to trade? When does the Roblox Stock Market open for business? We’ll share the essential details in this guide!
What Time Does Roblox Commence Trading?
Roblox was supposed to go public in 2020, but those plans have changed. While the delay has undoubtedly disappointed some, Nasdaq believes it was the best decision for Roblox.
Following a postponement in 2020, the company was able to raise up to $520 million from private investors. This contributed to Roblox’s valuation of $29.5 billion, a sevenfold increase over last year, according to Nasdaq.
Furthermore, Roblox decided to forego an IPO [1] in favor of a direct listing, which could save the company money in the long run.
At 12:30 CT (March 10, 2021), Roblox stock began trading with an initial share price of $64.75 per share. Shares may be purchased by investors. To help you prepare for Roblox’s stock market debut, consider the following advice:
- Roblox has a reference price of $45 per share.
- The opening public price is not reflected in the reference price.
- The NYSE will determine the opening public price based on demand for the shares as reported by broker-dealers.
- Once the shares are available for trading, an opening price will be determined.
- The Roblox company will not raise any capital.
