It is the second US$1 billion-plus US software IPO this week to price above the targeted range after data warehouse company Snowflake Inc raised more than US$3 billion in the largest US listing so far this year.
"The company's timing is good. Not only have US market indices returned to records, but one of Unity's top competitors, Epic Games, is also challenging Apple in court," said Michael Underhill, chief investment officer for Capital Innovations, which invests in IPOs.
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