![]() Perhaps Roblox was right to hold off on its IPO, raise a huge block of cash at a new valuation and pursue a direct listing. The same company at its new $29.5 billion valuation is now priced at just over 30x its Q3 2020 run rate (the most recent quarter for which we have data today). But there’s a lot of space between $4 billion and $29.5 billion, and recall that its February Series G valued Roblox at around 7.3x its Q4 2019 revenue run rate. ![]() Sure, you could argue that Roblox enjoyed an epic 2020, thanks in part to COVID-19. Read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday.įor all the griping amongst private-market capitalists that public-market capitalists are ripping off their investments as they look to cross the private-public divide through an IPO, it’s hard to square a company’s valuation going from $4 billion to nearly $30 billion in just 11 months. The Exchange explores startups, markets and money. That’s the lesson the market learned this week when the gaming platform company announced that it had raised $520 million in an epic Series H.įor a company valued at just $4 billion last February when it raised $150 million in a round led by Andreessen Horowitz, that new valuation could be considered a victory. So it turns out that Roblox is worth $29.5 billion. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |