Rakuten Securities continues to expand stock offering
Japanese FX, CFD and stock brokerage Rakuten Securities, a subsidiary of Internet services provider Rakuten Inc (TYO:4755), continues to expand its offering.
From March 10, 2021, the broker will start handling Roblox (RBLX) stock. Roblox offers a game creation platform that allows users to develop their own games using Roblox Studio, which is Roblox’s own engine.
Rakuten Securities is set to start accepting RBLX orders after the initial price is decided on the first day of listing – March 10, 2021. This listing date and listing details are subject to change in the future.
Roblox (RBLX) has recently registered its shareholder Class A shares for resale in a direct listing offering. The firm produces an immersive 3D digital gaming platform for consumers and developers. The company has seen growth in user activity, bookings and revenues, but continues to incur heavy operating losses.
Let’s note that Rakuten Securities has been regularly growing its offering. In February, the company announced the addition of 32 new stocks to its lineup of trading instruments. Those additions include Bumble (BMBL) and Signify Health (SGFY). The company also introduced dozens of the stocks of listed companies based on requests made by traders.
In January, Rakuten Securities added a number of stocks to its offering, including shares in fintech, healthcare and gaming companies.
Let’s recall that Rakuten Securities has recently unveiled its plans to introduce CFDs on stock indices and commodities. The application process has begun. The commodity CFDs are poised to be made available for trading in May 2021.