Game development platform Unity Software increases range to $44 to $48 ahead of $1.2 billion IPO

September 20, 2020 By [email protected]_84 Off

Unity Software, which provides a real-time 3D video game development platform, raised the proposed deal size for its upcoming IPO on Wednesday.

The San Francisco, CA-based company now plans to raise $1.2 billion by offering 25 million shares at a price range of $44 to $48. The company had previously filed to offer the same number of shares at a range of $34 to $42. At the midpoint of the revised range, Unity Software will raise 21% more in proceeds than previously anticipated.

Unity Software was founded in 2004 and booked $640 million in revenue for the 12 months ended June 30, 2020. It plans to list on the NYSE under the symbol U. Goldman Sachs, Credit Suisse, BofA Securities, Barclays and William Blair are the joint bookrunners on the deal. It is expected to price during the week of September 14, 2020.

The article Game development platform Unity Software increases range to $44 to $48 ahead of $1.2 billion IPO originally appeared on IPO investment manager Renaissance Capital’s web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital’s research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital’s Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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