Chase Coleman, founding father of Tiger Global Management LLC
Amanda L. Gordon | Bloomberg | Getty Images
Hedge fund supervisor Chase Coleman made a multi-billion greenback bet on newly public online game firm in the first quarter of 2021. Here are his other newest moves.
According to SEC filings launched on Monday, Tiger Global Management 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 Stock Exchange in March.
Roblox is up 66% since its public debut, however down greater than 10% from its excessive. Last week, Roblox reported day by day lively customers rose to 42.1 million in the first quarter, up 79% from final yr. Users spent 9.7 billion hours on the platform, up 98% yr over yr from March 2021.