![]() In those transactions, unlike an IPO, the companies going public capture the full value of any first-day pop. Companies can fully embrace the concept with ( just-approved) primary direct floor listings, in which companies float their own stock to raise capital. That reduces costs for issuers and eliminates the need to haggle with underwriters over pricing the stock and other details. Rather than enlisting an investment bank as an underwriter, companies using direct listings simply allow their stock to start trading on an exchange. Instead, they are choosing the direct listing route.ĭirect listings aren’t really new. among the growing ranks of companies eschewing IPOs as they go public. Roblox is joining cryptocurrency exchange Coinbase Global Inc. ![]() It seems fitting that the company behind the platform would take a simpler, non-traditional path to the public equity markets. ![]() The online platform boasts millions of users, many of whom aren’t old enough to drive, interacting in an endless number of free, user-developed games with basic graphics and widely divergent levels of difficulty. But a new generation is turning the industry on its head by flocking to Roblox. ![]() (What did you expect?) Anyway, longtime gamers who patronize, say, GameStop, have grown accustomed to the jaw-dropping visuals of titles like The Legend of Zelda: Breath of the Wild and Grand Theft Auto. Anyone interested in a story about the unusual stock moves of a company for video game fans? ![]()
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