Roblox, after winning over kids, becomes a hit on Wall Street

A man photographs a Roblox banner displayed, to celebrate the company's IPO, on the front facade of the NYSE in New York, US. With its Lego-like avatars and easy-to-learn coding for budding programmers, the online gaming app has become a thriving clubhouse for young gamers, most of them no older than 16. — Reuters

SAN FRANCISCO: The Roblox game world that has won over children around the world and became a pandemic hit scored big on Wall Street on March 10, as newly listed shares surged.

The company’s shares listed under the symbol RBLX on the New York Stock Exchange closed the trading day up 54% to US$69.50 (RM286.86), from a reference price of US$45 (RM185.74) as part of so-called direct listing.