SAN FRANCISCO: 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 US$1.3bil in an initial public offering (IPO) at US$52 a share that topped a marketed range of US$44 to US$48 that had been elevated earlier. The shares opened trading last Friday at US$75 and closed the day at US$68.95, giving Unity Software a market value of US$18bil.
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