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Sept. 16, 2020, 6:32 a.m. EDT

Unity Software raises expected pricing of IPO, lifting what it could raise to up to $1.2 billion

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By Tomi Kilgore

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%.

/zigman2/quotes/221035391/composite
US : U.S.: NYSE
$ 153.50
+5.93 +4.02%
Volume: 5.24M
Dec. 7, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$42.21 billion
Rev. per Employee
$193,063
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/zigman2/quotes/220991541/composite
US : U.S.: NYSE
$ 363.25
+21.59 +6.32%
Volume: 4.38M
Dec. 7, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$104.65 billion
Rev. per Employee
$237,294
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 59.50
+2.58 +4.53%
Volume: 160,038
Dec. 7, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,686.75
+95.08 +2.07%
Volume: 2.48B
Dec. 7, 2021 5:05p
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