Unity Software Files for New York Stock Exchange IPO
Unity Software Files for New York Stock Exchange IPO
(Bloomberg) -- Unity Software Inc., a developer of software used to design video games, filed for an initial public offering in the U.S., reporting a nearly 40% growth in revenue this year.
The San Francisco-based company listed a deal size of $100 million, a placeholder amount that will likely change, according to a filing Monday with the U.S. Securities and Exchange Commission. It plans to list on the New York Stock Exchange under the symbol U.
Unity is among a few highly anticipated software companies aiming to go public in the fall. Snowflake Inc. and Asana Inc. are also set to disclose their financials as soon as this week, people familiar with the plans have said.
Unity, a development platform for virtual and augmented reality games and experiences, lost $54 million on $351 million in revenue in the six months ended June, after losing $67 million on $253 million in revenue during the same period last year, the filing shows.
The company estimates that more than half of the top 1,000 mobile games on Apple Inc.’s App Store and Google Play in 2019 were made with Unity, according to the filing.
Goldman Sachs Group Inc. and Credit Suisse Group AG are leading the offering.
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