Unity’s Successful IPO — What Does it Mean for XR Developers?

Unity debuted on the New York Stock Exchange (ticker ‘U’) last Friday Sept. 18, with a closing price of $68.35, a strong finish of 31.44% over the offer price. There was so much interest in the stock, that the IPO price was raised to $52, up from a previous target range of $34-$42 per share. During the day, the stock traded as high as $76.79, temporarily pushing the company’s value over $20 billion.

By Friday, Sept. 25, a week later, Unity closed at $89.85 for a market cap of 23.66B – a strong first week.

That’s good for Unity and its existing investors, but what does it mean — if anything — for XR developers?

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