Booming gaming platform for kids Roblox (NYSE:RBLX) hit the public markets this week with a direct listing after dropping its initial interest in conducting a traditional initial public offering (IPO). The company had filed its S-1 Registration Statement back in November, and it showed phenomenal growth driven in part by the COVID-19 pandemic, which forced many people to stay home and bolstered demand for home entertainment options.

Roblox is comparable to Minecraft, which Microsoft acquired in 2014, in that it is a broad gaming platform that fosters creativity and caters overwhelmingly to young children. After the exchange set a reference price of $45, which is specific to direct listings and mostly serves as historical context to investors as opposed to the offering price in an IPO, the stock promptly sprinted out of the gate. Could Roblox be a top performer in 2021?

More in category

Surging Covid cases globally send medical supplier stocks higher in Singapore
April 22, 2021CNBC
Surging Covid cases globally send medical supplier stocks higher in Singapore
Canadian chip maker Alphawave targets $4.5 billion valuation in London IPO
April 22, 2021MarketWatch
Canadian chip maker Alphawave targets $4.5 billion valuation in London IPO
Ray Dalio is offering everyone a window into their own fragile psyches, free of charge
April 22, 2021MarketWatch
Ray Dalio is offering everyone a window into their own fragile psyches, free of charge
Snap shares rise 6% on better-than-expected sales, earnings
April 22, 2021MarketWatch
Snap shares rise 6% on better-than-expected sales, earnings
Intel stock falls despite earnings beat, as data-center sales slump more than 20%
April 22, 2021MarketWatch
Intel stock falls despite earnings beat, as data-center sales slump more than 20%
Senate Republicans’ opening infrastructure bid: $568 billion
April 22, 2021MarketWatch
Senate Republicans’ opening infrastructure bid: $568 billion
Et tu, boomer? Millennial stock-traders aren’t all that different, one analyst argues
April 22, 2021MarketWatch
Et tu, boomer? Millennial stock-traders aren’t all that different, one analyst argues
Biden has pledged to tax the rich — but precisely how will he do that? Experts consider his options
April 22, 2021MarketWatch
Biden has pledged to tax the rich — but precisely how will he do that? Experts consider his options
My coworker wants to sell her house as prices have skyrocketed. The co-signer on her mortgage demands 25%. Can she sell without his permission?
April 22, 2021MarketWatch
My coworker wants to sell her house as prices have skyrocketed. The co-signer on her mortgage demands 25%. Can she sell without his permission?
How the pandemic changed investing habits for different generations
April 22, 2021MarketWatch
How the pandemic changed investing habits for different generations
Dow books over 300 point loss after report Biden weighing sharp rise in capital gains tax for wealthy
April 22, 2021MarketWatch
Dow books over 300 point loss after report Biden weighing sharp rise in capital gains tax for wealthy
Global COVID cases top 144 million as India breaks U.S.’s daily case record
April 22, 2021MarketWatch
Global COVID cases top 144 million as India breaks U.S.’s daily case record
Would Tax Hikes Spell Doom for the Stock Market?
April 22, 2021The Motley Fool
Would Tax Hikes Spell Doom for the Stock Market?
Jim Cramer: Fears of Biden's capital gains tax are discounting stocks
April 22, 2021CNBC
Jim Cramer: Fears of Biden's capital gains tax are discounting stocks
Cramer's lightning round: Align Technology is the 'quintessential selfie stock'
April 22, 2021CNBC
Cramer's lightning round: Align Technology is the 'quintessential selfie stock'
Coinbase stock falls toward 4th-straight loss, after first non-bullish analyst starts coverage
April 22, 2021MarketWatch
Coinbase stock falls toward 4th-straight loss, after first non-bullish analyst starts coverage
Nestle CEO says business case for sustainability emerges as consumers demand it more than before
April 22, 2021CNBC
Nestle CEO says business case for sustainability emerges as consumers demand it more than before
Here's Why Ocugen Stock Skyrocketed Today
April 22, 2021The Motley Fool
Here's Why Ocugen Stock Skyrocketed Today
AT&T earnings, revenue rise as HBO Max shines
April 22, 2021MarketWatch
AT&T earnings, revenue rise as HBO Max shines
Goldman Sachs says S&P 500 returns may tumble as U.S. economic growth peaks. Buy these stocks
April 22, 2021MarketWatch
Goldman Sachs says S&P 500 returns may tumble as U.S. economic growth peaks. Buy these stocks
Here’s what’s coming to Netflix in May 2021 — and what’s leaving
April 21, 2021MarketWatch
Here’s what’s coming to Netflix in May 2021 — and what’s leaving