Epic Thanksgiving Giveaway: MSI GeForce RTX 3080 GAMING X TRIO!

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.

@DeekeTweak
Published Sat, Sep 12 2020 5:11 PM CDT   |   Updated Thu, Nov 19 2020 4:48 PM CST

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 | TweakTown.com

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.

Buy at Amazon

Call of Duty: Black Ops Cold War

TodayYesterday7 days ago30 days ago
$67.95$59.99$59.99
* Prices last scanned on 11/30/2020 at 1:10 pm CST - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.
NEWS SOURCES:sec.gov, nasdaq.com

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.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles