The Roblox Gambit

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?


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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…

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