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Unity Software is also not far behind in the race of blockbuster IPOs

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Unity Software was one of the latest technology company to release the initial public offerings on Friday this week. The stocks of the company literally jumped more than 46 % above its final offering price. All of the other competitions were also releasing the initial public offerings this week. The company first prized its share in the range of $34 to $42. Although, many of the investors invested their funds in the company and restore the offering price to a range of $44 to $48. The opening stock price of the company went up to $52. It was increased to 37% from the midpoint of the initial range.

The stock of the company increased by 35% and also above dollar 70% share at the starting of the trading. The shares closed out at $68.88. The closing price was more than 32% above its debut price. The company has initially taken a different procedure rather than the standard IPO practice dictates. The CEO of the company came up with a different option so that they can maximize the profit that the company will be getting from the IPO. The management of Unity Software later decided the price of IPO as compared to the demands and the allocation of the shares.

Snowflake also did quite good at the debut on Wednesday. The price range of the company was rising. It was priced at 50% which was quite higher than the expected statistics. The stock of the company also doubled and closed at 113% which makes it $255. It was called the biggest IPO in software history. Many other companies also put up a great show during their initial trading of IPO. Because of the coronavirus pandemic, there is a great increase in remote working. People are looking out for cloud computing services. However, besides the attraction of IPO, the investors must also think about the risks that they possess.

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