Roblox is going public and you'll be able to own shares of this exciting gaming company. And the good news is there are a number of platforms in Australia that let you buy US shares.
Roblox will IPO on March 10th (U.S time). These platforms might not list Roblox stock right away. However I anticipate it will get listed fairly quickly.
Buying Roblox Shares on Stake
Stake is an Australian app for trading U.S shares. With Stake you can invest in a huge number of U.S listed companies and ETFs. Stake will list Roblox shares and you'll be able to buy and sell them through the Stake app.
Stake doesn't charge any commissions on trades. This means you can buy and sell as much as you like and you'll never pay any brokerage fees. You can subscribe to Stake Black, which includes a number of advanced trading features, but for most investors the free version is fine.
Stake supports fractional investing. This means you can buy a fraction of a share with as little as $10. This is great for dollar cost averaging.
P.S – make sure you use a referral code when joining Stake to get a free stock!
Investing in Roblox on eToro
eToro is a similar platform to Stake. You can buy and sell U.S shares and eToro doesn't charge any commissions on these trades. And just like Stake, you can also invest in a fraction of a share with as little as $50 at a time.
As of writing, I wasn't able to find Roblox on eToro, however I'm sure it will be added in the next few days and possibly hours.
When to Invest in Roblox Shares
If you're planning to invest in Roblox shares around the IPO then you should be prepared for a lot of volatility. The target price is $45 – but based on previous tech IPOs of consumer products, things can be a little wild. If you're looking to make a quick buck, then I wouldn't invest in Roblox shares. I would only invest if you're looking to invest for a longer term as this is a higher risk stock that could be very volatile.
Should you invest in Roblox?
Roblox has experienced rapid growth and currently has over 30 million daily users. Roblox makes money by selling Robux – the currency which can be used on the platform.
Will Roblox continue to grow? Will they be able to make the jump from gaming platform to “digital experience” platform? I'm not sure. If you're a fan of the product then it might be worth looking at investing in. If you're like me and have never used Roblox then I would be cautious jumping in.
One thing is for sure – it's going to be a rollercoaster of a ride.
p.s – Both of the trading platforms I have recommend here allow you to buy the underlying asset. Aka you're buying the actual share. I would avoid trading on CFD platforms like plus500 that have listed Roblox. CFDs are often leveraged and due to the volatile nature of this IPO you could easily lose your entire investment. When you own the stock you are taking on less risk.