Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Unity Software Caps Off a Week of Blockbuster IPOs


Unity Software (NYSE: U) made its public debut on Friday, the latest in a string of high-profile initial public offerings (IPO) this week involving tech companies. The stock initially jumped more than 46% above its final offering price, in a scene that's been played out with each of its peers this week.

The specialist in video game engines first priced its shares in a range of $34 to $42, but in light of substantial interest by investors, raised the offering price to a range of $44 to $48. Unity eventually bumped the opening stock price to $52 on the eve of its IPO, up 37% from the midpoint of its initial range, and the company could have asked for more. The stock soared 35% to above $70 per share at the start of trading, and closed out the trading day at $68.88, more than 32% above its debut price. 

Image source: Getty Images.

Continue reading


Source Fool.com

Try our new sharewise academy

Learn everything about the market

Like: 0
U
Share

Comments