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Game on: Unity Software prices IPO well above the range at $52, raising $1.3 billion

September 17, 2020
U

Unity Software, which provides a real-time 3D video game development platform, raised $1.3 billion by offering 25 million shares at $52, above the upwardly revised $44 to $48 range. 

The San Francisco, CA-based company originally planned to offer shares at $34 to $42, before raising the range on Wednesday.

Unity used a new bidding process for its IPO, in which the company determined the IPO price and allocations after receiving online bids from prospective investors indicating their desired number of shares and price.

Unity Software plans to list on the NYSE under the symbol U. Goldman Sachs, Credit Suisse, BofA Securities, Barclays and William Blair acted as lead managers on the deal.