Roblox is a popular game, particularly with children aged 7 to 15. We enable anyone to imagine, create and have fun with friends as they explore millions of immersive 3D experiences, all built by a global community of developers. Roblox’s mission is to bring the world together through play. However, in order to do more things and get special items, players can make in-game purchases. It lets users create games and play games made by other users. Released in 2006, Roblox is an online gaming platform and game-creation system. After a year of growth and the success of one of its competitors, Unity (NYSE: U), the company decided it was time for Roblox stock to hit the market.īut is Roblox a good investment opportunity? Here’s what we know… Roblox IPO: The BusinessĬEO David Baszucki and former VP Erik Cassel founded Roblox in 2004. On October 12, a Roblox IPO was confidentially filed. Pick up my sci-fi novels the Herokiller series, and The Earthborn Trilogy, which is also on audiobook. Roblox is only just getting started after 15 years, and it will remain a key part of the gaming landscape indefinitely, that much is clear.įollow me on Twitter, YouTube, Facebook and Instagram. I don’t know what Roblox’s stock will do going forward, but the future of the industry is going to be built on the backs of games like this, and it’s why Microsoft buying Minecraft several years ago for $2.5 billion looks like a steal. Is a $40 billion market cap overvaluing Roblox? Should a company with a single free to play game be worth twice what the maker of GTA 5 is worth, the best-selling AAA game of all time by several orders of magnitude? That’s something for the stock market to sort out, but there’s no question that Roblox has put the time in to warrant this kind of success, and it has quietly been amassing a truly astonishing amount of players including being the main gaming experience for hundreds of millions of children worldwide.
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