![]() ![]() Riccitiello, who joined Unity in 2014 after leaving Electronic Arts Unity’s software is a rival to Fortnite maker Epic Games’ Unreal Engine, although Unity’s CEO John Riccitiello told CNN Business in February that he doesn’t think of Epic as a competitor. Unity’s stock ended Friday up about 31%, at $68 a share. Another small software tools developer, JFrog, also went public Wednesday with shares rising nearly 50%. On Wednesday, cloud data storage company Snowflake became the biggest software IPO ever, with shares more than doubling on their first day of trading. The company’s debut caps a busy week for IPOs. Unity, which is trading under the ticker symbol “U,” is famous in the gaming world for its development software that studios use to create hits like “Fall Guys,” “Pokémon Go” and “Call of Duty: Mobile.” It sells that software to companies through a subscription plan and charges a starting price of $399 to $2,400 a year depending on the size of the studio. And just last week, the company said it expected to price shares between $34 and $42. On Thursday, ahead of the initial public offering, the shares were priced at $52. Unity debuted on the New York Stock Exchange at $75 a share. Shares of Unity Software, one of the leading platforms for video game developers, jumped 44% on their Wall Street debut Friday, becoming the latest in a flurry of tech IPOs that investors can’t seem to get enough of.
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