UNITY SELLS SHARES US IPO SHARES HIGHER THAN TARGET
Unity Software, Inc. on Thursday sold shares in its initial public offering (IPO) at $52 apiece, above of its target range, according to a person familiar with the matter, Reuters reported.
Unity, which develops software used to design video games, said on Monday it was aiming to sell 25 million shares at a price range of $44-$48 per share.
This was revised upwards from its initial target of $34-$42 per share.
The performance was far better than expected during a week when tech stoks bled after weeks of unimaginable price gains. Unity did not immediately respond to a request for comment, Joshua Franklin and Anirban Sen of Reuters wrote.
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