Unity Software’s Trading Debut Win Ends IPO Spree on High Note
- Software companies take lion’s share of funds in busy IPO week
- Telemedicine provider also rises while packaging maker sinks
Photographer: Krisztian Bocsi/Bloomberg
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Unity Software Inc., which makes software to design video games, jumped 31% in its trading debut, capping a week of big successes for newly public companies in the sector.
The San Francisco-based company raised $1.3 billion in an initial public offering at $52 a share that topped a marketed range of $44 to $48 that had been elevated earlier. The shares opened trading Friday at $75 and closed the day at $68.95, giving Unity Software a market value of $18 billion.