(RBLX), (ARKW) - Cathie Wood, Ark Funds Add Roblox Stock On IPO Day
Share: Roblox Corp (NYSE: RBLX) going public with a direct listing. What Happened: Shares of Roblox priced at $45 prior to their market debut. The shares began trading at $64.50 on Wednesday. A daily email put out by Ark Funds on Wednesday night showed that the ETF company founded by Cathie Wood bought into Roblox shares on its first day of trading. The Ark Next Generation Internet ETF (NYSE: ARKW) purchased 519,086 shares of Roblox, representing 0.47% of the fund’s assets. The Ark Next Generation is focused on finding companies that “rely on or benefit from the increased use of shared...
Source: benzinga.com