Value of gaming platform Roblox estimated at $47bn
First day of trading on New York Stock Exchange sees huge demand for game system with 200 million monthly users
Roblox, the virtual gaming world that has proved to be a lockdown winner with hundreds of millions of mostly young players, is heading for a valuation of as much as $47bn amid 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 multi-player games, socialise with friends and buy its digital currency to pay for virtual items – has made it a global phenomenon.
Source: Business – The Guardian