Unity Software, which makes tools for game developers, raised its initial public offering target price range to between $44 and $48 per share, up from its initial range of $34 to $42 per share. Unity’s new price range suggests the company will be valued over $12 billion, roughly double its $6.3 billion private market valuation from its funding round in May 2019. Shares of Unity are set to begin...
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Sumo Logic Cuts Staff After Francisco Partners Takeover
Data analytics software company Sumo Logic made widespread layoffs this week, according to people familiar with the matter and an email to staff viewed by The Information, less than a month after private equity firm Francisco Partners bought the company for $1.7 billion. The exact size of the cuts couldn’t be learned. Chief Executive Joe Kim, who was named CEO three days after the...
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