The number of shares remained the same at 120 million. Roblox shares of Class A common stock are expected to start trading Wednesday, March 10, on the NYSE.Ĭoupang’s new price range represents an increase of 15.8 percent, pushing the mid-point price up to $33 from $28.50 initially. Based on such orders, the Designated Market Maker will determine an opening price in consultation with a financial advisor and pursuant to applicable NYSE rules.” The opening public price will be determined by buy and sell orders collected by the NYSE from broker-dealers. The NYSE announcement also said: “NOTE: The Reference Price is NOT an Offering Price. That announcement set off a flurry of headlines from Bloomberg, MarketWatch, Barron’s and other financial news services. EST today, the NYSE said the reference price is $45 per share for the Roblox direct listing. The Roblox deal, which is a direct listing and NOT an initial public offering, was set for pricing tonight after the market’s closing bell.Īfter 5 p.m. EST Tuesday with news from the NYSE on the reference price for Roblox.)īoth Coupang and Roblox are generating the kind of excitement normally reserved for a new sneaker drop or Beyonce concert tickets – in pre-pandemic times.Ĭoupang’s IPO is scheduled for pricing Wednesday night to start trading Thursday, March 11, on the New York Stock Exchange. (Editor’s Note: The column was updated after 5 p.m. C oupang (CPNG proposed) raised its price range early today to $32 to $34 – up from $27 to $30 initially – amid reports of huge demand for this $4 billion IPO by “the Amazon of South Korea.” About the same time, the phones at IPOScoop started ringing wildly as investors sought more information on video game platform Roblox (RBLX proposed), which was scheduled to price its direct listing tonight.
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