Unity Software Lifts Expected IPO Price to Between $44-$48 a Share

Unity Software lifted the expected pricing of its initial public offering to between $44 and $48 a share, riding on the coattails of more recent software-focused IPOs that have received a welcome reception on Wall Street.  The San Francisco company, which had been looking to price its IPO at between […]

Unity Software lifted the expected pricing of its initial public offering to between $44 and $48 a share, riding on the coattails of more recent software-focused IPOs that have received a welcome reception on Wall Street. 

The San Francisco company, which had been looking to price its IPO at between $34 and $42 a share, announced plans to boost its IPO pricing amid strong investor interest in IPOs, specifically software-focused ones. 

Indeed, Snowflake  (SNOW) – Get Report more than doubled in price Wednesday after going public. The cloud storage and computing company, which sold shares at $120 each, saw it stock more than double to $278 a share in its first hour of trading, giving it a market cap of nearly $68 billion.

Unity’s higher IPO price range puts it on track to raise as much as $1.2 billion, with a market cap of more than $12 billion.

Unity Software will trade on the New York Stock Exchange under the symbol “U.” Snowflake will also trade on the NYSE under the ticker “SNOW.”

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