ROBLOX Corporation is an online game platform and game creation system that allows users to program games and play games created by other users. ROBLOX Corp has filed to go public on the New York Stock Exchange on March 10, 2021.
However, unlike most new listings, ROBLOX Corp didn't raise funds by issuing new shares, instead they chose a direct listing IPO.
6 Steps of buying ROBLOX shares
- Find a good online stock broker, here are the best stock brokers picked by our experts
- Open your brokerage account, contact us if you get stuck
- Deposit money to your account
- Log in to the trading platform
- Buy the ROBLOX Corp shares by placing a market or limit order
- Review your ROBLOX Corp position regularly
Top 5 brokers for buying ROBLOX shares
| Webull is a discount US stockbroker regulated by the top-tier US SEC and FINRA as well as the Hong Kong SFC. | Visit broker | |
| moomoo is a US-based zero-commission broker. It is overseen by several authorities, including top-tier ones like the SEC and FINRA. | Visit broker | |
| E*TRADE is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background. | Visit broker | |
| SoFi Invest is a discount US stockbroker regulated by the top-tier SEC and FINRA. | Visit broker | |
| TradeStation is a US stockbroker regulated by FINRA, a top-tier US regulatory body. | Visit broker |
How to sell your ROBLOX shares
- Log in to your brokerage account with your username and password
- Check the number of Roblox shares you own
- Select the stock and click on sell on the place order box, SELL is usually highlighted in red
- Select the order type, limit order is usually the default
- Set the price you want to get for a single stock
- Select the quantity you want to sell, make sure you don't enter a higher number of stocks than you actually own
- Hit 'Place Order' to place the selling order
- Wait for the order confirmation to arrive
- When the order is fulfilled you will get a fulfillment confirmation
How to short sell ROBLOX shares
To short sell Roblox shares, you will need to open a trading account at a broker that allows short selling.
- Log in to your brokerage account with your username and password
- Make sure that you have an appropriate account and the required margin
- Type the ticker symbol RBLX into the search box
- Select the stock and click Sell (to open)
- When the place order box appears, select the order type, limit order is the default at most brokers
- Set the price you want to sell a single stock for
- Select the quantity you want to sell short
- Hit 'Place Order' to place the sell order and wait for the order confirmation to arrive
- When the order is fulfilled you will get a fulfillment confirmation
What's the difference between a direct listing and an IPO?
In a direct listing, like ROBLOX's, there are no intermediaries (i.e. investment banks) involved to underwrite the offering; the trading price of ROBLOX Corp shares will be defined by the market's risk appetite.
The trick here is to use a brokerage that will instantly list the ticker of the company as soon as the trading starts on the NYSE. This is especially important if you're a trader (not a buy&hold investor) and want to flip the stock for a profit.
IPOs are risky investments. If you want to invest in one, make sure you are well informed.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
