10/26/2023 0 Comments Roblox Corporation crunchbaseWith stay-at-home orders and social distancing guidelines in place, many people have turned to gaming for entertainment. The gaming industry has seen a boost thanks to the COVID-19 pandemic and people being stuck indoors. The company, which was founded in 2004 and is based in San Mateo, is also among a slew of gaming companies to go public in the past year, along with Unity Technologies, Playtika and AppLovin. Roblox set a reference price of $45 and saw a 43 percent pop Wednesday, with its stock opening at $64.50. The company reported having 31.1 million daily active users. Roblox said in its S-1 filing with the Securities and Exchange Commission that 25 percent of its users are under the age of 9, and 29 percent are between the ages of 9 and 12. The company, which allows players to create their own games and play games made by others, is especially popular among young users. ![]() If you’ve never heard of Roblox, the kids in your life most likely have. Shares of gaming company Roblox closed at $69.50 on Wednesday in the first major venture-backed tech direct listing of the year.
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