Unity Software, which provides a real-time 3D video game development platform, raised the proposed deal size for its upcoming IPO on Wednesday.
The San Francisco, CA-based company now plans to raise $1.2 billion by offering 25 million shares at a price range of $44 to $48. The company had previously filed to offer the same number of shares at a range of $34 to $42. At the midpoint of the revised range, Unity Software will raise 21% more in proceeds than previously anticipated.
Unity Software was founded in 2004 and booked $640 million in revenue for the 12 months ended June 30, 2020. It plans to list on the NYSE under the symbol U. Goldman Sachs, Credit Suisse, BofA Securities, Barclays and William Blair are the joint bookrunners on the deal. It is expected to price during the week of September 14, 2020.
