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Unity is finally going public

Unity is finally going public

Engine firm Unity is finally heading towards an IPO.

The company has filed its S1 with the United States Securities and Exchange Commission, which is its prospectus for potential investors, in the build up going public. There's no word on how much Unity believes it is worth, but a funding round in May 2019 pegged the company as being worth $6bn.

Between calendar 2018 and 2019, Unity's revenue rose by 42 per cent year-on-year to $541.8m. Meanwhile, the firm's revenue for the six months ending June 30th, 2020 was $351.3m, an increase of 39 per cent. The company has clocked up net losses of $163.2m for the year ending December 31st 2019 and $54.1m for the six months concluding June 30th, 2020.

Unity reckons the market it addresses around the world is worth around $29bn, across both video games and other creative industries it works in.

"The world is a better place with more creators in it," CEO John Riccitiello (pictured) wrote.

"And, we intend to make that more true tomorrow than it is today, to the point where real-time interactive 3D is the dominant form of content globally. As a company, we will invest for the long term. And, through this long-term investment orientation, we plan to realise the opportunity we see to drive significant growth in the world of real-time, interactive 3D content. We are building Unity to make this vision a reality."


PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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