(Bloomberg) — Digital games company Roblox Corp., transformed into a cultural icon during the coronavirus pandemic, made its public debut Wednesday with its shares rising 7.8% from its opening price.
Roblox is one of the few companies that have gone public through a direct listing, an alternative to an initial public offering in which the shares begin trading without the company issuing new stock.
The company’s shares, which opened trading at $64.50 apiece, closed at $69.50 in New York,…
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