Shares of Roblox Corp jumped on Thursday, building on the gaming platform's almost 55% rise on its stock market debut a day earlier, as well-known stockpicker and exchange-traded fund operator Cathie Wood bought into the company.
By Reuters Staff
3 Min Read
(Reuters) - Shares of Roblox Corp jumped on Thursday, building on the gaming platform’s almost 55% rise on its stock market debut a day earlier, as well-known stockpicker and exchange-traded fund operator Cathie Wood bought into the company.
The Roblox logo is displayed on a banner, to celebrate the company s IPO, on the front facade of the New York Stock Exchange (NYSE) in New York, U.S., March 10, 2021. REUTERS/Brendan McDermid
The California-based company’s stock was up 5.3% in late morning trades, after having risen more than 20% earlier in the day, also boosting the value of the shares held by founder David Baszucki - known to Roblox users as his avatar “builderman” - to more than $4.6 billion.
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(Reuters) - Australia’s Treasury Wine Estates Ltd said on Wednesday it will license A$100 million ($77 million) worth of its U.S. brands to The Wine Group as part of an ongoing overhaul of its American operations.
FILE PHOTO: Bottles of Penfolds Grange, a Treasury Wine Estates brand, on sale at a wine shop in Sydney, Australia, August 4, 2014. REUTERS/David Gray
Treasury, the world’s largest listed winemaker, has been looking to shrink its low-end “commercial” U.S. portfolio after competitive pressure dragged on growth even before Chinese import tariffs and a pandemic-driven downturn in demand last year.
Volkswagen is considering a listing of its luxury car division Porsche AG to rake in cash needed for the group's shift towards software and electric vehicles, a person familiar with the matter said on Thursday.
The U.S. Securities and Exchange Commission (SEC) on Wednesday named climate-related risks, fintech, and conflicts of interest for brokers and investment advisors as priorities for the agency's examination team in 2021.