Unity will appear on the stock exchange on September 18 and will attract $ 1.2 billion

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?