Roblox shares surge 60% on first day of trading after lockdown gaming boom

Trading debut in New York prompts huge demand for game system with 200m monthly users Shares in Roblox, the virtual gaming world that has proved to be a lockdown winner with hundreds of millions of mostly young players, have surged 60% valuing it at $47bn after 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 multiplayer games, socialise with friends and buy its digital currency to pay for virtual items – has made it a global phenomenon. Continue reading...
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