At the start of March, Roblox, an online gaming platform popular with younger customers and a beneficiary of the Covid-19 lockdowns, completed a listing on NYSE, with markets valuing the company at just over $69 per share or $45.3 billion as a whole. To date, this is the highest company valuation in the gaming industry, double that of its sector peer, Unity Software, which went public in 2020. The company was last valued at $4 billion back in February 2020, implying a stratospheric 11-fold rise in valuation in just 13 months. Since then, the company’s revenues rose 82 per cent…

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