Unity Software has strong opening, gaining 31% after pricing above its raised range
Companies, agencies, institutions, etc
Unity Software’s
Pokémon GO
Electronic Arts
Ubisoft
Tencent
Sumo Logic
Snowflake
Unity IPO
beyondJabal
TechCrunch
SEC
customers’
Palantir
People
Kim Jabal
IPORegarding Unity’s
Asana
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Locations
Niantic
JFrog
Jabal
Boston
Chicago
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Summary
Unity’s IPO was unique in that existing and former employees were able to trade 15% of their vested holdings in the company on day one, excluding “current executive officers and directors,” per SEC filings.That act does not seemed to have dampened enthusiasm for the company’s shares, and could have helped boost early float, allowing for the two sides of the supply and demand curves to more quickly meet close to the company’s real value, instead of a scarcity-driven, more artificial figure.Bear and bull cases for Unity’s IPORegarding 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%.
As said here by Jonathan Shieber, Alex Wilhelm