About: http://data.cimple.eu/news-article/ac0ff5e7aee4db140b1ae40899e0011e216ab899808748c208fae867

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About: http://data.cimple.eu/news-article/ac0ff5e7aee4db140b1ae40899e0011e216ab899808748c208fae867 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Gaming platform Roblox -- which has skyrocketed in popularity among kids and teens during the coronavirus pandemic -- will make its Wall Street debut Wednesday as a direct listing. The company's shares will be listed under the symbol RBLX on the New York Stock Exchange. By opting to go public as a direct listing, like companies such as Spotify, Slack and Palantir have done, Roblox will not be able to issue new shares on the exchange and therefore will not raise capital. Instead existing shareholders -- such as founders, employees and initial investors -- will be able to sell their portions on the market. The company plans to sell nearly 199 million shares. The NYSE set a reference price of $45 per share on Tuesday, though the real price will depend on demand. Roblox was valued at $29.5 billion at a fundraising round in late January. The platform allows users to create their own video games and gives them a share of related revenue. It counted close to 33 million daily players in 2020, and revenue soared 82 percent to $924 million. But the company is not currently profitable, due to the expenses it incurs on tech infrastructure, data protection and paying game developers. dho/cjc/caw/bfm
schema:headline	Video game platform Roblox to make Wall Street debut
schema:mentions	Roblox New York Stock Exchange Spotify Video game Pandemic Real versus nominal value (economics) Slack Technologies Palantir Technologies Information privacy Canadian Auto Workers Radio in New Zealand
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-10 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	68 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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