Online gaming platform Roblox is set to go public today through the year’s first direct listing. The NYSE listed a $45 reference price per share of Class A common stock, which begins trading today under RBLX. At that price, the company would command a market value of nearly $30 billion, Reuters reported. Read more.
Related Posts
Report: Are Giant SPACs Next?
It’s probably not premature to be asking: is there any company too big to be SPAC’d?
There’s No ‘Insider’ Profiteering with SPACs, There are Just Markets: Report
Some say SPACs are a way to bet on the jockey as opposed to the horse, but it could just as easily be said that they’re a consequence of high investor interest in today’s horses.
Israel Makes Tel Aviv Exchange SPAC-Ready, with Focus on Tech Deals: Report
Anat Guetta, head of the Israel Securities Authority, said the requirements in Israel aim to protect investors without dampening their appetite for SPACs as an alternative fundraising route for local companies.
Trump-Tied Digital World SPAC Reaches ‘Tentative’ $18M Settlement with SEC
While the 8-K was short on specifics, the SPAC has been under federal investigation for alleged merger talks with Trump Media and Technology Group prior to Digital World's IPO. Such discussions would be illegal.