Voices
Driven largely by necessity, there has been a surge in the number of new companies in the US and a spike in investment over the last year. There is a distinct lack of comparable data in Ireland but based on what little is available, the story is nowhere near as positive.
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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