Unity Technologies has filed for an initial public offering to help its business of making it easier for developers to create video games and other kinds of computer-generated entertainment.
The rumor of Unity’s IPO has been around for a while, and now the company has filed an S-1 statement with the U.S. Securities and Exchange Commission. For the first time, Unity publicly revealed its financials. In 2019, the San Francisco maker of the Unity game engine — used by 1.5 million monthly active users to create games and other content — reported a loss of $163.2 million revenue of $541.8 million. In 2018, the company reported a loss of $131.6 million on revenue of $380.7 million.
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