![]() Roblox sold its shares in a Series H funding round at $45 per share to Altimeter Capital and Dragoneer Investment Group.But analysts believe up to 199 million shares will be up for sale when the company lists today. This factors in that Roblox has 652 million shares outstanding.However, sources close to the Roblox IPO said a $45 reference price means the company could be worth as much as $29.3 billion.The reference price in a direct listing does not indicate the market capitalization.It follows other tech companies like Palantir and Asana. Importantly, the Roblox IPO will be the fifth such direct listing.Instead, existing shareholders can sell their shares based on market demand. This means the company will not be raising any capital. ![]() ![]()
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