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Unity IPO share price set at $34-$42, 28 million shares on offer

Unity Technologies hopes to raise $1.2 billion with a new IPO, and sets public share prices at $34 to $42 with a 28 million offer.

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Unity Software will soon open public trading on NASDAQ under the ticker U, and has revealed share prices for its new IPO.

Unity IPO share price set at $34-$42, 28 million shares on offer 53

Unity's new initial public offering will set share prices at roughly $34 to $42 per share. The company filed an S-1 form with the SEC in late August outlining its IPO plans, but pricing was only just revealed from a new September 9 filing.

Goldman Sachs and Credit Suisse are underwriting the IPO, and the S-1 form indicates Unity will have a capitalization of $1.2 billion and 238,366,733 shares of common stock outstanding after the shares are offered.

The company plans to issue 28 million shares to raise roughly $1.05 billion for its games industry endeavors, including new R&D technologies for the Unity Engine. Unity itself powers some of the world's most popular games including multi-million dollar hits like Marvel Strike Force, Hearthstone, Crossy Road, and Super Mario Run.

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News Sources:sec.gov and nasdaq.com

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Senior Gaming Editor

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Derek joined TweakTown in 2015 and has since reviewed and played 1000s of hours of new games. Derek is absorbed with the intersection of technology and gaming, and is always looking forward to new advancements. With over six years in games journalism under his belt, Derek aims to further engage the gaming sector while taking a peek under the tech that powers it. He hopes to one day explore the stars in No Man's Sky with the magic of VR.

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