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Roblox Goes Public This Week, Worth $45 Billion Per Report

That's Like...6 Bethesdas

Joseph Bradford Updated: Posted:
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This past week, game company Roblox Corp, creators of the eponymous Roblox, had their  IPO go public this week. By the end of the day, the business had a valuation of $45 billion.

Roblox went public back on Wednesday, opening up trading at $64.50 per share, according to a report on Bloomberg. By the time it closed in New York it was trading at $69.50 per share, giving the company a market value of more than $38 billion USD. However, when the employee stock options and restricted stock units are added, the valuation brings the game company to $45 billion USD.

Bloomberg reports Roblox Corp is one of the most valuable companies to go public while we've been in a pandemic.

Roblox itself is a game platform and creation system, giving players the ability to create worlds and games for their friends and other players on the internet to join in the fun. During the pandemic, Roblox saw its user base grow as the platform was used to host virtual birthday parties and more. Last year before the pandemic truly hit, Roblox actually saw its valuation jump from $4 billion to $29.5 billion before going public. 

To put Roblox's current valuation into context, as Eurogamer notes, the current valuation of $45 billion is higher than Ubisoft ($8.16bn), Electronic Arts ($37.43bn) and Take-Two ($18.98bn). And with the recent acquisition of what current is the highest video game acquisition cost in games industry history with Microsoft buying ZeniMax Media at $7.5 billion, you could actually buy six ZeniMax Media acquisitions with Roblox Corps new valuation amount.

After the market closed on Wednesday, Roblox CEO and Founder David Baszucki thanked those for their support via Twitter.


Joseph Bradford

Joseph has been writing or podcasting about games in some form since about 2012. Having written for multiple major outlets such as IGN, Playboy, and more, Joseph started writing for MMORPG in 2015. When he's not writing or talking about games, you can typically find him hanging out with his 10-year old or playing Magic: The Gathering with his family. Also, don't get him started on why Balrogs *don't* have wings. You can find him on Twitter @LotrLore