Roblox says it hopes to spend even more on its developers in the future to incentivize higher-quality games. The perk? Roblox gets a ton of content, and developers receive 30% of the proceeds.

In addition to being a gaming platform, it bills itself as a creation platform for user-generated games. As InvestorPlace contributor Robert Lakin wrote earlier this week, Roblox outsources its game development. Roblox reported that its daily active users nearly doubled, as did its hours engaged metric.Īnother thing to note is the unique business model. This is because more consumers ever turned to its free-to-play games. As we reported back in November, Roblox said it experienced rapid growth in the first nine months of 2020. One thing investors should definitely note is that Covid-19 has had positive impacts on business. What to Know About RBLX Stock and the Roblox IPOĪt this point, what makes RBLX stock and the Roblox IPO stand out? Investors should also note that Roblox is not exactly identical to other game developing stocks.The company delayed however, following debuts by Airbnb (NASDAQ: ABNB) and DoorDash (NYSE: DASH).Securities and Exchange Commission to come public before the end of 2020. Roblox initially filed its S-1 with the U.S.Luisa Beltran wrote for Barron’s that approximately 199 million shares will the market today.This factors in that Roblox has 652 million shares outstanding.However, sources close to the Roblox IPO said a $45 reference price means the company could be worth as much as $29.3 billion.The reference price in a direct listing does not indicate the market capitalization.It follows other tech companies like Palantir (NYSE: PLTR) and Asana (NYSE: ASAN). Importantly, the Roblox IPO will be the fifth such direct listing.Instead, existing shareholders can sell their shares based on market demand.This means the company will not be raising any capital.Unlike traditional initial public offerings, Roblox has chosen to come public via a direct listing.On Tuesday, the NYSE set a reference price for RBLX stock of $45.With that in mind, here is what you should know about RBLX stock and the Roblox IPO now: And when the Roblox IPO comes and goes, the company could be worth as much as $29 billion. Its platform for gaming and game creation is popular, especially among teens and tweens.

One thing exciting about Roblox coming public is that it is truly a household name.

Roblox pre ipo stock