So, should you buy shares when Roblox goes public through a direct listing? The Roblox DPO is the fifth such listing of a large company after Palantir Technologies (PLTR), Asana (ASAN), Slack Technologies (WORK) and Spotify Technology (SPOT). The firm abandoned plans for a traditional initial public offering and intends to go public via a direct public listing (DPO) instead.
Roblox (RBLX) follows Corsair Gaming (CRSR), Unity Software (U) and Playtika Holding (PLTK) in capitalising on the trend to raise funds from a stock market listing.
Gaming has become one of the main means of entertainment worldwide during the pandemic. The Covid-19 outbreak has accelerated the growth in the company, which provides tools for developers to create online games primarily aimed at children. Roblox Corporation is the latest video gaming business to go public, planning to list on the New York Stock Exchange (NYSE) this month.
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