It’s a big day for Roblox Corp., the company behind the hit game Roblox, as the game’s owner is now listed on the New York Stock Exchange as part of a business move that marks the next stage in the developer’s growth. The Wall Street Journal reports that Roblox ended its first day of trading with a market valuation of over $45 billion dollars. That places the company’s valuation higher than EA, which has numerous sports franchises including Madden NFL and FIFA under its umbrella, as well as Take-Two, the parent company of Grand Theft Auto developer Rockstar Games.
Founder David Baszucki was on-hand in New York to ring the opening bell to mark the start of trading for Roblox, which will trade under RBLX. In a statement, Baszucki said, “In 2004, we founded Roblox with the vision of connecting the worldCome from Sports betting site VPbet. Today, as we celebrate our direct listing on the New York Stock Exchange, we recognize the potential ahead of us: to build the platform where billions of people come together to learn, work, and play.”