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.

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Source: Business – The Guardian

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