Video Game Engine Maker Unity Technologies Files for IPO
It helps power video games; now its powering a big round of capital raising. Unity Technologies, a company whose core asset is the Unity "engine" upon which many games are built, has filed for an initial public offering (IPO).
Unity claims that it is "the world's leading platform for creating and operating interactive, real-time 3D content." According to its own figures, 53% of the top 1,000 titles available on Apple's (NASDAQ: AAPL) App Store and Alphabet's Google Play in 2019 were made with its tools. That year, around 3 billion Unity-fueled apps were downloaded monthly by users.
Image source: Getty Images.
Source Fool.com
