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Roblox's NYSE reference price is set at $45 ahead of direct listing

March 10, 2021

Roblox's reference price is set at $45 ahead of its direct listing, according to the New York Stock Exchange. 

At that price, Roblox would command a fully diluted market value of $29.1 billion.

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The San Mateo, CA-based company plans to list on the NYSE today under the symbol RBLX.

The NYSE reference price does not reflect an offering price, or the opening price for Roblox's shares. Instead, the opening public price will be determined by the designated market maker, using buy and sell orders collected by the NYSE from broker-dealers.

Roblox is the first direct listing of the year, following last year's two major direct listings Palantir (PLTR) and Asana (ASAN). Crypto exchange Coinbase (COIN) filed last month for a direct listing on the Nasdaq.

There is no firm commitment offering, and therefore no underwriters on the deal; instead, the company's financial advisors included Goldman Sachs, Morgan Stanley, and BofA Securities.