Invesco Ltd. Sells 85,280 Shares of Roblox Co. (NYSE:RBLX)

Invesco Ltd., a global investment management firm, has announced that it has sold 85,280 shares of Roblox Corporation (NYSERBLX) for an undisclosed amount. The sale was made through its subsidiary, Invesco QQQ Trust, which is a pass-through entity that tracks the performance of the NASDAQ Global Select Market Index, including the NASDAQ Composite Index.

Roblox Corporation is a leading developer and operator of an online platform for creating and playing games, as well as other interactive experiences. The company was founded in 2004 by David Baszilevsky, Eric Cheng, and Kun Feng and is headquartered in San Mateo, California.

Invesco Ltd. has a long history of investing in technology companies, including Roblox Corporation. The company's investment in Roblox reflects its belief in the potential for growth and success in the online gaming industry.

It's worth noting that Invesco Ltd. is not the only investor to have sold shares of Roblox Corporation recently. On July 14, 2021, the company announced that it had sold approximately 3.5 million shares of Roblox Corporation for $697.8 million. This sale was made through its subsidiary, Invesco QQQ Trust, which tracks the performance of the NASDAQ Global Select Market Index.

Overall, the sale of shares of Roblox Corporation by Invesco Ltd. is a significant event in the world of technology investing and reflects the company's ongoing interest in the online gaming industry.