![]() ![]() Leaning heavily on the community aspect, it allows players to create their own virtual worlds and visit other players' worlds to chat, role-play or create their own adventures. Its namesake game, which is free to download, provides a customizable virtual universe where players create their own avatars and environments. In 2020, Roblox's video game platform, which is available on phones, tablets and consoles, surpassed Candy Crush as the highest-grossing mobile game of the year in terms of revenue. One of the gurus followed by GuruFocus, Catherine Wood ( Trades, Portfolio), already initiated a position in the stock on Tuesday for one of ARK Invest's exchange-traded funds. This certainly seems to be the case in the stock's first few days of trading as investors assert their confidence in the company's product and growth strategy. A direct listing thus implies high confidence from management that the stock will quickly gain ground after going public. Overall, it is a less expensive option than an IPO, with the catch that there is no "safety net" to ensure that shares sell. The advantages of a direct listing include not having to pay underwriters or dilute existing shares. Online Gaming Company Roblox Goes Public With a BangĪ direct listing means that no new shares were created or sold in the process of going public, allowing both buying and selling of the stock to commence freely. ![]()
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