Shares of Roblox jumped as much as 16% in a long-awaited public trading debut that left the online gaming company with a $44 billion valuation.

Roblox Corporation (NYSE: RBLX) shares are trading higher Monday after Wedbush reiterated its Outperform rating and a $165 price target.

Games startup Roblox delayed its IPO until 2021, with the CEO reportedly telling staff in a Friday memo that executives were working to boost its initial listing price. "We've seen companies take ...