August 24, 2020 – Unity Software Inc. (“Unity Technologies” or “Unity”), a leading platform for creating and operating interactive, real-time 3D (RT3D) content, has today announced that it has filed a registration statement on Form S-1 with the US Securities and Exchange Commission relating to a proposed initial public offering (IPO) of its common stock.
The S-1 Registration Statement is the primary IPO filing document, and consists of two parts: The prospectus, and the privately held filing information. The S-1 includes preliminary information about the expected date of the filing, as well as the number of shares to be offered and the price range for the proposed offering. None of this information has yet been determined, however Unity has stated that it intends to list its common stock on the New York Stock Exchange under the ticker symbol “U”.
The company listed an offering of USD $100 million, however, the S-1 documentation is revised continuously throughout the listing process, so this amount may change.
Unity’s platform is widely used by developers across a variety of industries to make creations come to life, including within augmented, virtual, mixed reality. The platform provides a comprehensive set of software solutions to create, run and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices.
There have been rumours that the company would go public with an IPO for over a year now. Last July, TechCrunch reported that Unity was valued at USD $6 billion. According to Unity, in 2019 apps developed by Unity creators were downloaded 3 billion times per month and 50% of games were powered by unity, running on 20 different platforms.
Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC will act as lead book-running managers for the proposed offering. BofA Securities, Barclays and William Blair will also act as book-running managers. Oppenheimer & Co., Piper Sandler, Stifel, Wedbush Securities, Academy Securities and Siebert Williams Shank will act as co-managers for the proposed offering.
The proposed offering will be made only by means of a prospectus, copies of which are not available at this time, however when the preliminary prospectus is available, copies may be obtained from any of the book-running managers. Stay tuned for updates on the company’s IPO.
Image credit: Unity Software Inc. / Securities and Exchange Commission