![]() On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. Of course, if you have been paying attention to GameStop (NYSE: GME), you understand the significance of a r/WallStreetBets cosign right now. With this in mind, if you missed the boat on her other bullish investments in areas like crypto or space exploration, this could be your time.Īt the same time as Wood’s investment, Reddit’s newly popular r/WallStreetBets board is pushing RBLX stock. Best Upcoming IPOs in 2023 More The trick with IPOs is that the best deals dominate returns so it's important to pick them carefully. Where possible, we have provided reported expectations for timelines and/or valuations for the upcoming IPOs. Wood’s track record of forward-thinking investments indicate great things for the company. The 12 Best Stocks to Buy Now Data is as of May 8. Investors need to be paying attention to RBLX stock. The Bottom Line on Cathie Wood and RBLX Stock Originally scheduled for the holidays, the initial public offering (IPO) should now hit the stock market in. Her faith in Roblox could indicate large gains in the future. The company behind the popular Roblox video game platform is planning to go public soon. Her keen eye for trends is known within the world of trading, namely by her huge purchase of Tesla (NASDAQ: TSLA) stock early on. Roblox IPO (RBLX) Analysis: I am no expert on video games or Roblox, but after some research and digging these are my thoughts on this hyped up IPO launching tomorrow. Wood’s purchase is a key point in the Roblox IPO that is occurring. As I mentioned earlier, Roblox is not itself a video game, but rather a platform for game. That equates to over 100,000 years of play time. This lets users spend as much as desired on virtual items without having to make an initial purchase. Roblox says 37 billion hours have been played since 2008. Much of the game’s appeal is in allowing users to generate their own levels, which saves the company development costs.Īdditionally, the company rides on the trend of profiting from micro-transactions. (Error Code: 100013) Roblox had a suggested price point of 45 a share that was set by the New York Stock. Given its business model of putting game development into the hands of its players, RBLX stock presents a unique alternative. The game’s teen demographic have magnetized toward it as school closures have left them plenty of free time. The video game company is soaring in popularity recently, thanks to the Covid-19 pandemic. The Roblox IPO has been a highly-anticipated event. This is a jump that some savvy “meme stock” traders could have seen coming. RBLX stock, first priced at $45 a share, quickly surged upwards of $70. ![]() This position in the Ark Next Generation Internet ETF (NYSEARCA: ARKW) is currently worth $36 million, and it will likely continue to go up. The bullish investor, who runs Ark Invest and its exchange-traded funds, is continuing to bolster her status as a rockstar in the eyes of young investors with her firm’s purchase of half a million Roblox shares.
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