New details of Unity Software‘s release on the New York Stock Exchange have become known. The initial public offering (IPO) will take place this Friday. The company plans to earn $ 1.2 billion on it, not $ 100 million, as previously reported.
Back in late August, Unity Software applied for an IPO, but two weeks later presented an updated version of the document.
- the exact date of entry into the stock exchange is September 18, 2020;
- Unity Software will issue 25 million shares. Underwriters will be able to purchase an additional 3.75 million securities;
- the probable price of one share is $34-42. The company clarifies that it is not responsible for changes in the value of securities on the stock exchange during trading, but expects an average price of $38 per share for new investors and $5.12 for existing shareholders.;
- the list of major shareholders also includes the investment firm D1 Capital Partners Master LP: it will own 5.3% of the securities;
- the estimated market capitalization will be $9-11.1 billion. Recall that in 2019 Unity Software was estimated at $6 billion.
Unity Software is an American company that developed the Unity engine. Such titles as Fall Guys: Ultimate Knockout, Ori and The Will of the Wisps, Oddworld: Soulstorm and Township work on it.
Also on the topic:
- Unity Software officially enters the Stock exchangeUnity has launched a platform for distributing games on third-party Android stores
- Unity has introduced the cloud content distribution service Cloud Content Delivery
- Is there any news?
Share it with us, write to press@app2top.ru