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Unity market valuation now $18 billion, exceeds Epic Games

Unity Technologies' IPO is doing extremely well and rises 32% in after-hours trading, Unity's market cap now rivals Epic's.

@DeekeTweak
Published Sat, Sep 19 2020 1:24 PM CDT   |   Updated Mon, Oct 19 2020 8:20 PM CDT

Unity's IPO is a smash success that closed at +32% on its first day of availability, boosting the company's market capitalization to roughly $17 billion.

Unity market valuation now  billion, exceeds Epic Games 34 | TweakTown.com
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Unity Technologies' new initial public offering launched yesterday for $52, roughly $10 over its initial price point. Shares closed at $68.35 on Friday, representing a healthy +32% spike. Unity's market capitalization now sits at $18 billion, which exceeds rival Epic Games, who sits at $17.3 billion after recent funding rounds.

Although Unity is one of the most popular games engines on the market, the company itself isn't all that profitable. In its recent S-1 filings, Unity confirms it has lost money "every period since inception," and it's operating losses in 2018 amount to $105 million, and in 2019 it lost $94 million. The company currently has a $569 million deficit.

The goal of the IPO was to raise up to $1.2 billion to power its future endeavors across a massive addressable market. Unity projects the non-gaming market represents $17 billion, and $12 billion for gaming.

Epic Games, however, is tremendously profitable. The company made over $3 billion in operating profits in 2018 alone.

Here's how Unity's market cap stacks up against other players in the games industry:

  • Activision - $61.82 billion
  • EA - $36.36 billion
  • Take-Two Interactive - $18.12 billion
  • Unity - $18 billion
  • Epic Games - $17.3 billion
Unity market valuation now $18 billion, exceeds Epic Games 43 | TweakTown.com
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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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