Chase Coleman, founding father of Tiger World Control LLC
Amanda L. Gordon | Bloomberg | Getty Photographs
Hedge fund supervisor Chase Coleman made a multi-billion greenback guess on newly public online game corporate within the first quarter of 2021. Listed below are his different newest strikes.
Consistent with SEC filings launched on Monday, Tiger World Control owns a $2.6 billion stake in Roblox, which is now the hedge fund’s 3rd greatest conserving. The youngsters gaming app that surged in recognition throughout the pandemic went public at the New York Inventory Change in March.
Roblox is up 66% since its public debut, however down greater than 10% from its prime. Final week, Roblox reported day-to-day lively customers rose to 42.1 million within the first quarter, up 79% from final yr. Customers spent 9.7 billion hours at the platform, up 98% yr over yr from March 2021.