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3D gaming comes of age

by tradmin

Unity IPO blockbuster listing expected. Software company that competes with ‘Fortnite’ maker Epic Games is going public. Unity will have up to 267.2 million shares outstanding after the offering, including overallotment options, giving Unity a valuation of $13.7 billion, which would more than double the company’s valuation from July 2019 of about $6 billion. The company will have a single class of common stock, but the board reserves the right to issue up to 100 million shares of stock to fight off a hostile takeover.

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