3-D software provider Unity to offer 25 million shares in IPO, priced at $34 to $42 each

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Unity Software Inc. set terms for its initial public offering on Wednesday, with plans to offer 25 million shares priced at $34 to $42 each. The company would raise $1.05 billion at the top end of that range. The company has applied to list on Nasdaq, under the ticker “U.” There are 11 banks underwriting the deal, led by Goldman Sachs and Credit Suisse. Proceeds will be used for general corporate purposes, including working capital, operating costs and capex, as well as to repay debt. “Unity is the world’s leading platform for creating and operating interactive, real-time 3D content,” says the prospectus.
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