That could create some post-listing dip opportunities for investors. Securities and Exchange Commission (SEC) changed the rules on direct listings, allowing companies to raise cash by auctioning new shares in parallel with sales by current shareholders.īecause Roblox recently raised money in a Series H round, and its capital needs would seem pretty much in hand for now, the direct listing is more likely a way to afford those current shareholders a liquidity opportunity.

What is that? A move in December by the U.S.

ZIP stock jumped 17.2, closing at 21.10 on the stock market today. The RBLX direct move has an advantage over those two transactions. The recommended reference price of shares came in at 18, for the online jobs marketplace. RBLX Stock Listing Avoids Traditional Routeīy taking RBLX stock direct to market and avoiding the traditional IPO route, management is following in the footsteps of two other disruptive firms, Spotify Technology (NYSE: SPOT) and Slack Technologies (NYSE: WORK). The earlier plan for an IPO fell apart after difficulties in determining the right price for the gaming platform’s shares, coming in the wake of strong market debuts by Airbnb (NASDAQ: ABNB) and DoorDash (NYSE: DASH). After the company reached a $29.5 billion valuation in a recent funding round, Roblox shares could price at $45 a piece when they come to market.

What is roblox ipo price