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Illustration: Sarah Grillo/Axios

Unity Software, a San Francisco-based company known for its popular video game engine, has filed to go public on the New York Stock Exchange under the ticker symbol "U."

Why it matters: The company's move comes at a time when its main rival, Epic Games' Unreal video games engine, is under a cloud as its parent company faces expulsion from the Apple App Store.

By the numbers:

  • Revenue: Unity is still unprofitable.
    • In 2018, it had $131.6 million in losses on $380.8 million in revenue.
    • In 2019, it had $163.2 million in losses on $541.8 million in revenue.
    • In the first six months of 2020, it had $54.2 million in losses on $351.3 million in revenue.
  • In the first six months of 2020, Unity had 716 customers contributing more than $100,000 in annual revenue each.
  • The company says it has 1.5 million monthly active creators, whose apps are downloaded 3 billion times per month.
  • Unity's top shareholders are Sequoia Capital, Silver Lake and JA Technologies ApS.

The big picture: Unity's filing is just one of a number of tech IPO announcements in the past 24 hours. Niche technology Snowflake, Sumo Logic and JFrog all disclosed their plans to go public on Monday.

Go deeper

Ina Fried, author of Login
Nov 18, 2020 - Technology

Apple to lower commissions for small businesses on App Store

Screenshot via Apple.com

Apple announced a new program Wednesday under which it will take a smaller 15% cut from App Store sales for businesses earning less than $1 million selling their apps, rather than the standard 30% cut.

Why it matters: Apple is under fire from some critics over its rigid App Store policies that require developers to use Apple payment systems for both app sales and in-app payments in exchange for a cut of sales.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Vaccines: U.S. ahead of pace on vaccines.
  2. Health: Lessons for trapping the next pandemic.
  3. Tech: "Fludemic" model accurately maps COVID hotspotsVirtual doctor's visits and digital health tools take off.
  4. Politics: Harris breaks tie as Senate proceeds with lengthy debate on COVID relief bill — Republican governor of West Virginia says there's no plan to lift mask mandate.
  5. World: Canada vaccine panel recommends 4 months between doses — In AstraZeneca spat, EU fights hard for a vaccine its hardly using.
Dave Lawler, author of World
2 hours ago - World

In AstraZeneca spat, EU fights hard for a vaccine it's hardly using

Macron, Merkel and European Council President Charles Michel (R) at a summit in October. Photo: Yves Herman/Pool/AFP via Getty

Italy on Thursday blocked the export of 250,000 AstraZeneca doses to Australia, becoming the first EU country to exercise an export ban due to a vaccine shortfall in the bloc.

Why it matters: The controversial step exposes multiple major challenges to distributing vaccines — even among the world’s richest countries.