Unity Raises $1.3B in Initial Public Offering, Surpasses Epic Games’ Valuation

Video game development platform and technology firm Unity Software completed its initial public offering Friday and began trading on the New York Stock Exchange. The Unity game engine developer raised $1.3B USD in the offering. The company sold 25M shares, which represent roughly 9.49% of the company’s total outstanding shares after the offering, at a […]

Report: Sony To Limit Initial PlayStation 5 Supply

Bloomberg is reporting that Sony will limit the initial supply of this holiday’s PlayStation 5 home console to five to six million units in the period ending in March, 2021. In comparison, the PlayStation 4 sold 7.5 million units in its first two months. Bloomberg’s was told that the constraint is due, in part, by the expected […]