Roblox IPO (Initial Public Offering) happened a month ago, and if you missed the IPO and want to buy Roblox (RBLX) stock, you have several options. You can buy Roblox stock pretty much anywhere that sells NYSE stocks.
Roblox is a commonly used game creation system that has millions of users. Primarily used by teenagers and young adults, the Roblox online platform skyrocketed during the pandemic as most people were staying indoors. The pandemic created an opportunity for the company to capitalize on this, and soon enough, the IPO came.
Currently, Roblox’s stock price is around $70, the same as the IPO price. So, the stock price hasn’t gone up or down and stays in the same range as the initial public offering.
Where to buy Roblox stock?
As mentioned above, you can buy Roblox stock in any place that buys and sells NYSE stocks. The popular places to buy and sell stocks include, but are not limited to, Robinhood, Webull, Fidelity, and Vanguard.
While it’s a question of whether or not you should buy Roblox stock, it comes down to your preferences. Roblox stock is expected to rise in the coming years, so there isn’t going to be a huge increase in the stock price in the short term. This is due to the plans of the company as the company is focusing on long-term projects that will bring more capital to the company.
The bottom line is if you’re going to hold Roblox stock for a while and it’s not your primary investment, Roblox holds the potential for steady growth despite the current price nearing the IPO price for the past couple of months. It’s only been two months since the IPO, and the RBLX ticker can see some increase in the long run for sure.