Roblox shares surge 60% on first day of trading after lockdown gaming boom
by Mark Sweney from Technology | The Guardian on (#5F74Y)
Trading debut in New York prompts huge demand for game system with 200m monthly users
Shares in Roblox, the virtual gaming world that has proved to be a lockdown winner with hundreds of millions of mostly young players, have surged 60% valuing it at $47bn after an investor frenzy on its first day of trading on the New York stock exchange.
Roblox may not have the profile of a Fortnite or Minecraft, but its formula - allowing players to develop simple multiplayer games, socialise with friends and buy its digital currency to pay for virtual items - has made it a global phenomenon.
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