Well, Roblox listed at a price of roughly 40x revenue and I’ve read that no matter how much growth potential a company has, it doesn’t deserve a revenue multiple above 40. Afterpay has been trading at a revenue multiple of about 35-40 as well... so if revenue for 2021 is forecast to be $167m, then at 40 x revenue, that makes a valuation of $6.6B...
AB1 Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held