Of course, that doesn’t mean there’s no oversight. Compared to an IPO, under a direct listing, a company sells its shares directly without the help of investment banks.
Unlike those three companies however, Roblox skipped the IPO process completely, instead choosing to take the direct listing approach. Online games company Roblox has joined a long-list of companies from the last year – including the likes of Snowflake, Bumble and Unity – which have enjoyed a strong day one pop following their listing on public markets.
Roblox share price surges following direct listing
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