 What's going on? What's up money geeks mr. V here welcome to another video guys so into this video we are going to talk about Roblox and this is a company that previously talked about here on the channel that it was gonna go public through an IPO And ever since it's just been me sitting here and waiting They keep moving the goalposts and not setting an exact date as to when they're gonna go public So we have some update here I wanted to give you guys because I know a lot of you guys Especially some people and the Facebook group are have been asking the question as to when this stock is gonna go public So when they talk about that in today's video But before we get started guys for a new to the channel We took about how to earn money how to save money how to invest and build wealth So that's something that interests you why didn't he that subscribe button any notification bell so you don't miss out on new Content so for a lot of you guys that have been following now my videos on Roblox I'm actually really interested in this stuff not just because of it being another stock But just the way I've seen people or kids or my niece and nephews play the game I'm like holy cow if these kids are playing this game and I really really sucked into the game like this I better be making some money off of their brain being fried by the game So that's why I'm really looking forward to this IPO Again, if you look at it ages between eight and about 15 or so play the game I didn't know anything about Roblox. I've never played the game, but I'm looking forward to buying it So that's where I've been watching this talk Ever since they announced last year that we're gonna go public as you guys all know November last year they filed it they were gonna go public and they said their initial offering date in For December 2020 that came and they pushed it to January of 2021 January 2021 Came they said they wanted to do it. I think it was 18 of January 2021 which came and passed and so They didn't actually go public. They actually moved it again and now they are moving to doing what I call a direct listing So they are leaving that middleman out and they are allowing their Initial investors and employees to sell their stocks directly to retail Investors like me and you so you don't have anybody on Wall Street determining the price of the stock So again, this is a change which I don't understand why they went that route But I mean looking at other companies have actually done something like this in the past like Polynesia did that Santa did that and so they're looking like hey if these guys can do it so can we do it so again Here's the news That they actually have out there that they're gonna do that the red listing and again the ticker symbol is gonna be RBLX so that hasn't changed again if you see companies have done the red listing here Spotify Slack Palantir and Asana So all these companies did that the red listing where they go directly to retail investors again like yourself and me Which is you know, you can determine that the price of the stock So now you probably ask the question, but when is this the red listing gonna take place? So right now they have scheduled is directly seem to take place in February, they don't have an exact date when this is gonna go down But I know sometimes in February, so I'm gonna keep an eye on this and continue to follow up with the company To see when this happens again guys. This is this is the changes that they actually made in their Perspectives the S1 filing that they had with the SEC So if you see here, if you can read this we have elected to file these Perspectives as an amendment to the registration statement and pursued a direct listing to permit Determination of the opening public price of our class a common stock on the NYSE By buy and sell orders collected by the NYSE From broker dealers. So again, so based on such orders a designated Market marker or DMM will determine an opening price. This is the part where they can look at that opening price and say Right now the company is currently valued at somewhere about 28 Billion dollars so they can look at that at 20 28 billion dollars How many shares they want to offer and right now the price? They're looking at selling somewhere about 45 to 50 dollars price range But we know very well that come that the day when these guys are gonna do this public This direct listing it's not gonna be that 45 to 50 dollar price range This thing is gonna go and at least I guess it's gonna go to 80 to 100 hours That's just the reality of it because we've seen this over and over again with other IP is just most recently a Firm came did the exact same thing. So I know for sure that Roblox, which has Tremendous amount of traffic people playing this game every single day as a matter of fact Roblox has More kids on this platform than any other social media platform, which is crazy to me So and it's not just designed to just play the games They make it so that kids can spend money on the game as my friend my little cousin actually his Christmas money was Roblox money like his parents bought him Roblox money, which is to me is incredible So I mean this company is is up to you know good things for investors So I'm looking forward to jumping in again guys just a recap here Roblox is not gonna do a traditional IPO and again a traditional IPO is one where they have on the riders Like Wall Street banks to determine the price and give Institutioner investors the opportunity to go in and get first dips and then determine the price of the stock So right now they're doing what they call a direct listing where they are allowing their employees and their current shareholders To sell directly to retail investors like you and me and that is what we're gonna use to determine the price of the stock Again, you've seen companies like Spotify like Slack like Palinthia like a Santa go that route and they're still doing good So it's not like it's something that's really terrible They're just basically Removing the middle man making it easy for themselves because the middle man will obviously require No to get a pay cut or something some kind of a payment process to help them make that listing So now that they're taking away that middle man The company is gonna save that money and hopefully reinvest in the company So again, I don't know is the exact date when this is gonna happen in February But as soon as I find out I'm gonna make sure that I get the information to you guys So stay tuned again roadblock is still thinking of going public But they don't really have our traditional IPO anymore. They're doing a direct listing. So that's just the recap for this Again, let me know in the comment section. What you think about these guys Before I conclude I want to apologize that I think my last three or four videos If you heard the sound quality wasn't the best That was because I was on the road guys and I left and I didn't take my regular mic I took my other mic and it was just a mess So I really apologize for that and I really appreciate you guys still being able to watch that comment and and give me Thumbs up on those videos, even though the sound quality wasn't the best So I do apologize for that again if you're new to the channel guys We took over how to end 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 any notification bell to you don't miss out on New content. Also, if you're looking to get started with investing we both still has their promotion right now If you sign up you get four free stocks two for opening an account and two for depositing $100 in your account and guys just make sure you guys understand when you sign up and put your email That's not opening an account once you do that there's a step They have to go to opening account because I've had some of you guys reach out and like Oh, I opened the account and I didn't get any stock and the free stock You have to once you sign up with your email or your phone number You have to take the next step to actually open a brokerage account That's where you get the two free stocks and if you deposit a hundred dollars you get additional free stock So definitely make sure that you take advantage of that and as always guys do your homework Don't be a greedy savage and stay motivated