Above: Image from ROBLOX's stock filing, data from the first 9 months of 2020
As expected, Roblox's IPO today was massive:
What makes Roblox different from other online game platforms is that it lets users create their own games on the platform. Developers receive 30% of the proceeds generated from a game, such as the sale of virtual outfits and avatars... As trading began Roblox stock shot up 63%, trading near 73.50, during afternoon action on the stock market today. That accelerated its market value to $47 billion.
Explicitly designed to be a metaverse, Roblox's valuation so far proves the market validity of user-generated content where user-made games (often made by teens still living at home!) are often more popular than the most popular professional games on Steam. Now with this IPO, you can see the dominance of Roblox and its grassroots content as compared to some of the very top traditional game companies. For instance: