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Is Roblox Stock Worth $29.3 Billion?

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The New York Stock Exchange said late Tuesday that the reference price for Roblox, which is going public tomorrow, is $45 a share.

 

 

With about 652 million shares outstanding, the reference price indicates that Roblox’s market capitalization could be as much as $29.3 billion.

Roblox will trade Wednesday on the NYSE under the symbol RBLX. Existing stockholders have registered about 199 million shares for sale, but 388.2 million shares could potentially be sold. Unlike in a traditional IPO, the company isn’t raising new capital via the offering. Instead, holders will sell stock they already own.

The $45 reference price doesn’t mean that is where Roblox shares will begin trading. Rather, it is meant to be a guide that informs the public of recent private trading activity, according to a person familiar with the situation.

On Wednesday morning, the NYSE will collect buy and sell orders from broker-dealers. A designated market maker will then determine Roblox’s opening price after consulting with the company’s financial advisors.

Direct listings aren’t new but have gained attention of late. Roblox will be the fifth company to go public using this method.

Palantir Technologies  (ticker: PLTR), Asana (ASAN), Slack Technologies  (WORK), and Spotify Technologies  (SPOT) all used direct listings to make their public equity-market debuts. Companies typically don’t raise capital via direct listings, although in December, the Securities and Exchange Commission approved a rule change proposed by the NYSE that allows a company to do so.

Roblox won’t receive any proceeds from shareholders who sell their stock. Goldman Sachs, Morgan Stanley, and Bank of America,  are advising Roblox on the deal.

 

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Those who wronged you may never say “I’m sorry” – Prudent Ludidi

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Those who wronged you may never say "I'm sorry" - Prudent Ludidi

Those who wronged you may never say “I’m sorry” – Prudent Ludidi

 

 

Ladies and gentlemen,

Today, I want to talk about something that can be difficult to accept, those who wronged you may never say “I’m sorry.”

 

Those who wronged you may never say "I'm sorry" - Prudent Ludidi

We’ve all been hurt by someone at some point in our lives. And often, we hold onto that hurt, and hope in waiting for the person who wronged us to acknowledge their mistake and apologize.

But the truth is, that apology may never come.

It’s hard to accept because we feel like we deserve closure. We deserve to hear that the person who hurt us regrets their actions.

But closure is not something someone else gives you. Closure is something you give yourself.

You have the power to choose:

Choose to heal, even if they never acknowledge their wrongdoing
Choose to move forward, even if they never make amends

Forgiveness doesn’t mean forgetting what happened. Forgiveness means releasing the hold that person has on you.

Forgiveness means taking back control of your life.

You don’t need someone else’s apology to move on. You don’t need someone else’s validation to heal.

You are strong enough to do it on your own.

And when you do, you’ll find peace. You’ll find freedom.

Remember, holding onto anger and resentment only hurts you. It doesn’t change the past.

But forgiveness can change your future.

So, don’t wait for someone else to say “I’m sorry.” Say it to yourself: “I’m sorry that happened to me, but I’m moving forward.”

Say it loud and clear: “I deserve to heal. I deserve to be happy.”

Take back your power. Take back your life.

Move forward with courage and faith.

You got this.

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LSACA, HEFAMAA,NAFDAC ,AVILA NATURALLE,OTHERS SET TO RECEIVE AWARDS AT THE WEST AFRICA SPA AND COSMETOLOGISTS RECOGNITION AWARD 2024

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LSACA, HEFAMAA,NAFDAC ,AVILA NATURALLE,OTHERS SET TO RECEIVE AWARDS AT THE WEST AFRICA SPA AND COSMETOLOGISTS RECOGNITION AWARD 2024

 

The west Africa Spa and cosmetologists recognition Award ,the first of its kind in Africa an event collaboration with Ghana Cosmetics Association holds at the prestigious Oriental Hotel lagos

An industry based award to honor legends ,stakeholders and cosmetologists in the beauty Industry ,Regulators and health Agencies

The organisers of the programme is poised with the development of this sector within the west Africa region using quality , safety and Professionalism as a watchword in the quest for products promotion and distribution.

The award will be used to promote individuals and brands in the Beauty Sector who have given their best in the development of beauty in west Africa.

As the drive for continental free trade Area hots up ,the founder of the programme Mr Chukwumah Emmanuel a Public Health Practitioner and the National President of Professional Association of Spa and Cosmetologists in Nigeria says that the perspective of this event is centered on encouragement and Networking within the sub region.

Other awardees for this event include Lagos Safety Commission, Beauty West Africa,and America Nigeria chambers of Commerce

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Why You Should Patronize JOK Beauty Hub

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Why You Should Patronize JOK Beauty Hub

Why You Should Patronize JOK Beauty Hub

One of the most reputable online store in Nigeria to shop for beauty products is JOK beauty hub. Known for prompt service delivery and quality products, it is the haven for dignitaries.
Why You Should Patronize JOK Beauty Hub
Some of their services include nighty pants, bra, boxers, singlets, strippers costumes, masks, pink lips, bikini, dildo, beach wears, card games, vibrators, body piercing, pedicure and manicure and lots more.
Owned by delectable CEO, Joy Omolara Kaosara, Patronize them and enjoy the worth of your money.

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