Video Game Developer Roblox Launches IPO After Revenue Triples Since Pandemic


JP Morgan started coverage on Roblox (RBLX) at Overweight with an $85 tgt;

firm believes Roblox uniquely offers investors exposure to multiple growth megatrends, including mobile gaming, social networking, user generated content, and digital identity. The closed platform of games and experiences is not unlike the App or Play stores, with innovation distributed to a global pool of increasingly sophisticated developers.