Also: Who is really mispricing companies?
So it turns out that Roblox is worth $29.5 billion.
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.
For 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. But is it?
The Exchange explores startups, markets and money. Read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday.
For 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…
