 Another one What's up money geeks, Mr. V here welcome to another video guys when to this video We are going to take a look at another IPO that's coming up here pretty soon Roblox so if you guys have been watching the channel, this is another gaming IPO So first one we did here on the channel was unity software, which it's right now Just killing it and so our roadblock is actually looking to go public before the end of the year So we need to take a look at it understand the business see what they are planning on doing and then I'm gonna give you guys My take at the end of it But before we get started guys, we are new to the channel We took about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content So Roblox again as a company that allows people to be able to create games that Are either 2d or 3d and so the company has been most recently Really doing really great because of the pandemic again This is not just for Roblox, but a lot of companies have been taking advantage Especially gaming companies have been taking advantage of people being trapped at home In making tremendous amount of money subscribers for most of these companies have gone up Revenue has gone up, which is I think to me it's a it's a good thing that if they're doing great business wise But not really a good thing that this because people are trapped in the house kids can't go to school Everything is just so messed up again. It's one of those things where I know it's bad for one person But it's good for another person So if you look at it like small businesses are really struggling and going on there, you know online platforms are doing great Because people are subscribing Netflix Disney all these other platforms are doing wonderful So I mean it's a cash 22 I don't know if Roblox can sit there and say oh we're praying that we don't get a vaccine anytime soon So your business can continue to to grow. I don't know. It's just left to be seen So again ticket symbol for these particular IPO is going to be RBLX And we don't know exactly when they plan on going public They just say that hopefully go public before the end of the year So if not this not this coming week or maybe in the next two weeks because we only have about three more weeks in the month of December so I'm anticipating that they have to they're gonna have to move fast if you still want to do it this year So let's just looking solely at the numbers About Roblox and that's why I got interested in really doing a video on this one because if you look at just a number So the first nine months of 2020 Roblox had a daily active user of about 31.1 million that's up 82 percent from last year, which is I mean 82% from last year that is how many people are actually sitting there and using these platforms playing games either Streaming on YouTube and how you can just whichever way that you enjoy games You know people are doing it. So revenue in the first nine months of 2020 was 588 million that's up 68% from last year again guys Everything has gone up for these guys not just gone up and said 10 15 percent. We're talking about gone up over 50% so the only thing that I worry about these guys or companies like it is Since they are really doing great because of a pandemic does that mean they we're gonna see a tremendous amount of pullback As soon as we get a vaccine or life goes back to normal Oh, who knows this might be our new normal We can sit here and think that oh just waiting for a vaccine to come out This might definitely be our new normal week. We don't really know this is just crazy guys So again, this guy is a company is doing just fine. So I am anticipating that Coming out of the gate with these numbers like this if you if you think about it when we did another another video here Again, I did another IP back here, which was unity software if you guys remember that again This is another company that Create or allow users to create 3d content for games and all that good stuff So we did that video here if you didn't watch that one, I'm gonna hook it up here So you can definitely go watch it. So this company came out right out of the gate If you can see here Look at just how it the thing has performed out of the gate It came out at $75 and ever since then got a pull back to maybe 68 Came down and now we're looking at somewhere at about 155 for a high. So This is this is crazy guys. So as of when I was doing this video is sitting at 150 So if you had bought this stock when it came out at $75 you would have double Your investment in this particular stock. So that is unity software. So I just want to give you guys some perspective So that as we're talking about gaming, I know some people don't like you just game But these companies they found a wonderful niche on Online if you go on YouTube some of the top YouTube and there's Gamers people that you see and stream their games online and people are watching it. So you cannot just Ignore this. This is this is a big Place where people are spending a lot of time and where people are spending time and giving your eyeballs That's where the money is at for advertising people were at what they're paying that Millions of dollars just to get those eyeballs to watch their ads So one key thing that I want to bring up to you guys is the fact that seems road blog and Unity are competitors there. They have a little bit of differences between them Unity requires people to actually do some coding to make it work. We're at road block You can just drag and drop and you're good to go So a lot of people that don't like coding. They don't they don't want to use unity So those people would gravitate towards Towards our roadblocks or that would be to me that would be for your average person who doesn't know how to code So roadblock has a good business Needs for me. I think that people that hate coding would gravitate towards roadblock and people that love coding will go Towards unity and so there's there's a great healthy competition right there just from their user base Which I think it's a good thing So personally, I think roadblock again coming out of the gate. I'm gonna be watching this one Looking for that opportunity for it to dip a little bit before I jump right in so right now They haven't really given us, you know good numbers as to what price they're gonna be listed at again If you look at if we look at example from someone like unity, they came out at $75 So I'm anticipating that these guys are probably gonna want to be in that same price range Of our $75 in some change or even lesser than that or as soon as they determine that I'm gonna make sure that you guys know exactly what the price range is going to be and again They don't have an exact date when they're gonna be listed. So I'm gonna keep my eyes On on that one. So let me know in the comment section. What do you think about? Roadblock do you think this is a buy or it's a wait and see again like for me? My whole idea is right out of the gate if you're not there trading if you're not the one that chases just to catch that big Spike out of the gate then just wait usually these things will come out and pull back We've seen examples here. I just showed you guys with Unity software look at how it came out of the gate at 75 pull back down to about 68 And that was a good entry point and ever since it's just been going up and up and up So definitely make sure that that's your approach because that's gonna be my approach Again, if you're new to the channel guys We're talking about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and any notification on belt So you don't miss out a new content and also if you're looking to get started with investing guys We both currently doing a promotion right now where if you sign up and deposit a hundred dollars You get four free stocks to get you started links in the description below and as always guys always do your homework Don't be a greedy savage and stay motivated