Roblox’s big day is finally here – Chamath backs new fintech – BlackRock outlines D&I plans

New York City

Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today:


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Roblox delayed its public debut when IPOs were red-hot. Now it’s about to launch a direct listing into choppy markets.

Roblox CEO David Baszucki

The video-game maker is set to go public in a direct listing today, with Goldman Sachs, Morgan Stanley, and Bank of America advising. It’s arrival to the public markets comes after a series of hurdles and delays, and as volatility returns to tech stocks.

Click here to read the entire story.


M1 Finance just raised a $US75 ($97) million Series D led by Coatue after a red-hot 2020. The fintech’s CEO explains its push to digitize the private bank experience.

Brian Barnes M1 Finance

After three rounds in nine months, CEO Brian Barnes said M1 is “getting close” to being a unicorn. Read more here.


Assurant just inked a $US1.3 ($2) billion deal to sell its prearranged funeral business as the insurer looks to lean into tech-focused coverage

Bob Trunzo Portrait

CUNA Mutual Group has agreed to buy Assurant’s prearranged funeral insurance business. The $US1.3 ($2) billion deal signifies expansion in a well-known business for CUNA Mutual and marks an increased focus on digital offerings for Assurant. See more here.


A software company that struggled to raise money last year just nabbed $US4 ($5) billion from investors – and it’s a case study in the ‘insatiable’ appetite for risky debt deals

New york stock exchange

As debt increased for Ireland’s ION Group, investors balked at its previous attempts to raise loans. Now, ION is nearing $US4 ($5) billion in transactions to refinance debt held by its companies. Get the full rundown here.


A top Latham tech M&A lawyer talks mega deals, the SPAC frenzy, and keeping clients happy remotely

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Luke Bergstrom, Latham & Watkin’s M&A leader, walked Insider through brokering one of 2020’s biggest deals and what’s on the horizon for 2021. Find out more here.


Pipe, a venue for companies to get cash up front for their subscription revenue, just raised $US50 ($65) million from high-profile investors like Chamath Palihapitiya and Marc Benioff

Harry Hurst headshot

Pipe, which helps companies with recurring revenue get cash up front, just nabbed $US50 ($65) million from some high-profile investors. Founder and co-CEO Harry Hurst told Insider how he’ll use the capital. Read more here.


BlackRock just held a town hall to roll out its diversity and inclusion strategy after recent complaints. Here are all the details.

Larry Fink

BlackRock outlined its diversity and inclusion strategy at a company town hall on Tuesday. The asset manager has been in the spotlight after former employees alleged they experienced harassment and discrimination at the firm. See more here.


Odd lots:

SPAC Pioneers Reap the Rewards After Waiting Nearly 30 Years (WSJ)

SoFi Is Buying a Community Lender to Speed Up Banking Expansion (WSJ)