Unity Software Inc. /zigman2/quotes/221035391/composite U +4.02% raised on Wednesday the expected pricing of its initial public offering to $44 to $48 a share from $34 to $42 a share. With the new expected pricing, the San Francisco-based company, which makes software to create videogames, could raise up to $1.20 billion and be valued at up to $12.64 billion. Goldman Sachs and Credit Suisse are the lead underwriters. The raised expected pricing comes at a hot time for software IPOs, with shares of Snowflake Inc. /zigman2/quotes/220991541/composite SNOW +6.32% , the biggest-ever software IPO, set to begin trading Wednesday, after its IPO price above expectations. The Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +4.53% has run up 25.0% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +2.07% has gained 8.9%.