12/17/2023 0 Comments Unity software stock projections![]() One final thing for the SaaS nerds out there. That’s about as good an outcome as you can hope for in an IPO. ![]() Regarding Unity’s IPO pricing, Jabal discussed what she called a “very data-driven process.” The result of that process was an IPO price that came in above its raised range, and still rose during its first day’s trading, but less than 50%. TechCrunch caught up with Unity’s CFO, Kim Jabal, after-hours today to dig in a bit on the transaction.Īccording to Jabal, hosting her company’s roadshow over Zoom had some advantages, as her team didn’t have to focus on tackling a single geography per day, allowing Unity to “optimize” its time based on who the company wanted to meet, instead, of say, whomever was free in Boston or Chicago on a particular Tuesday morning. Unity’s IPO comes on the heels of other well-received debuts, including Sumo Logic, Snowflake and JFrog. The company’s customers range from small gaming publishers to large gaming giants like Electronic Arts, Niantic, Ubisoft and Tencent. ![]() Games like “Pokémon GO” and “Iron Man VR” rely on the company’s software, as do untold numbers of other mobile gaming applications that use the company’s toolkit for support. Unity’s share price gains came after last night’s pricing of the company’s stock at $52 per share, well above the range of $44 to $48 which was itself an upward revision of the company’s initial target. ![]() On its first official day of trading, the company rose more than 31%, opening at $75 per share before closing the day at $68.35. Whoever said you can’t make money playing video games clearly hasn’t taken a look at Unity Software’s stock price. ![]()
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