Chase Coleman, founding father of Tiger World Administration LLC

Amanda L. Gordon | Bloomberg | Getty Pictures

Hedge fund supervisor Chase Coleman made a multi-billion greenback guess on newly public online game firm within the first quarter of 2021. Listed below are his different newest strikes.

In response to SEC filings launched on Monday, Tiger World Administration owns a $2.6 billion stake in Roblox, which is now the hedge fund’s third largest holding. The children gaming app that surged in reputation throughout the pandemic went public on the New York Inventory Change in March.

Roblox is up 66% since its public debut, however down greater than 10% from its excessive. Final week, Roblox reported each day energetic customers rose to 42.1 million within the first quarter, up 79% from final 12 months. Customers spent 9.7 billion hours on the platform, up 98% 12 months over 12 months from March 2021.

Supply hyperlink

Leave a Reply

Your email address will not be published.

Check Also

Tesla will settle for bitcoin when miners use clear vitality

Elon Musk, the CEO of Tesla. Christophe Gateau/image alliance by way of Getty Pictures Tes…