Unity Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares

Rhea-AI Summary

Unity Software Inc. announced the full exercise of the underwriters' option to purchase an additional 3,750,000 shares of common stock at $52.00 each as part of its initial public offering. This brings the total shares sold to 28,750,000, resulting in gross proceeds of $1.5 billion before deductions. The offering was led by Goldman Sachs and Credit Suisse, with the option completed by September 28, 2020. This IPO allows Unity to strengthen its financial position and expand its platform for creating real-time 3D content across various industries.

Positive

• Completion of IPO raises gross proceeds of $1.5 billion.
• Increased share sales indicate strong demand from investors.

Negative

• None.

SAN FRANCISCO--(BUSINESS WIRE)--Unity Software Inc. (“Unity”) today announced that the underwriters of its previously announced initial public offering exercised in full their option to purchase an additional 3,750,000 shares of common stock at the initial public offering price of $52.00 per share, less underwriting discounts and commissions. A total of 28,750,000 shares of common stock have now been sold in connection with the offering, resulting in aggregate gross proceeds of $1.5 billion before deducting underwriting discounts and commissions and offering expenses payable by Unity. All the shares of common stock sold in the initial public offering were offered by Unity. The closing of the sale of 25,000,000 shares was completed on September 22, 2020, and the closing of the sale of 3,750,000 shares pursuant to the full exercise by the underwriters of their option to purchase additional shares was completed on September 28, 2020.

Goldman Sachs & Co. LLC and Credit Suisse Securities (USA) LLC acted as lead book-running managers for the offering. BofA Securities, Barclays and William Blair acted as book-running managers. Oppenheimer & Co., Piper Sandler, Stifel, Wedbush Securities, Academy Securities and Siebert Williams Shank acted as co-managers for the offering.

The offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526 or by e-mail at prospectus-ny@ny.email.gs.com; Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, by telephone at (800) 221-1037 or by email at usa.prospectus@credit-suisse.com; BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, or by email at dg.prospectus_requests@bofa.com; Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by telephone at (888) 603-5847 or by email at barclaysprospectus@broadridge.com; or William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606, by telephone at (800) 621-0687 or by email at prospectus@williamblair.com.

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Unity

Unity is the world’s leading platform for creating and operating interactive, real-time 3D (RT3D) content. Creators, ranging from game developers and architects to automotive designers, filmmakers and more, use Unity to make their creations come to life. Unity’s platform provides a comprehensive set of software solutions to create, run and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices.