Roblox’s stock had surged by more than 55% during its initial public offering Wednesday. The big jump in its stock price, which ended the day at $69.50 per share, sent the company’s public market valuation to more than $45 billion.

The NYSE set a reference price of $45 per share. Roblox opted for a direct listed on the exchange as opposed to issuing new stocks.

The company’s game is currently available for free on Apple’s App Store and Google’s Play Store. Roblox generates all of its revenue from selling in-game currency called Robux.

In its latest earnings report, Roblox reported revenue of nearly $925 million for 2020. This represented an 82% increase compared to its revenue over the previous year. Roblox said that its growth can be attributed to the significant increase in users it had gained during the pandemic.

For 2020, Roblox reported daily active users of more than 32.6 million. The company expects that number to grow this year from around 34.6 million to 36.4 million.

“Roblox is an amazing community where people are creating together,” the company’s co-founder and chief executive officer, David Baszucki said. Baszucki’s stake in the company is currently valued at more than $4 billion based on Wednesday’s closing price.