Roblox CEO Dave Bazsucki
IAN TUTTLE/GETTY IMAGES FOR ROBLOX
The video game platform’s market cap surged as investors bought shares at nearly 55% higher than its reference price.
The house that Dave “Builderman” Bazsucki built continues to grow as the gaming platform he cofounded, Roblox, entered the stock market today. The stock, which was direct listed on the NYSE this morning, closed at $69.47, 54% above its reference price of $45. That not only sent its market cap soaring, but also raised Baszucki’s fortune by about $1.4 billion, giving him an estimated net worth of $4.2 billion.
Founded in 1998, Roblox is a gaming platform that provides kids and teenagers (and a growing demographic of young adults) the tools to build their own games, simulations and other virtual experiences. Those creators in turn can earn real money when players spend the platform’s virtual currency, Robux, on either those games or special items within them – over $328 million…
