Roblox Stock Has Soared 27.9% This Year, And You Can Still Buy It for $1
Roblox (NYSE: RBLX) went public in March through a direct listing at $64.25 a share. Since that time, the stock price for this online gaming platform has followed a somewhat volatile trajectory, but it is currently trading nearly 28% above its initial asking price.
With around 46 million daily active users and a strong potential for growth as the company taps a new older market and expands into non-gaming events, it's not surprising the stock is growing in demand. Roblox's current price of around $82 per share means that buying in doesn't require a huge amount of capital. But many beginning investors may not have that much spare cash to devote to a single company, even one they would love to invest in.
The good news is that you don't need $82 in order to buy a stake in Roblox stock. Here's why.
Source Fool.com
