Most investors would salivate over finding a tech sector growing at a 30% annual clip.
They’d be getting even more fired up if it was getting an even bigger boost from lockdowns and work-from-home setups.
And you could imagine the response if one of the hottest IPOs of the year was giving investors a chance to get in on the ground floor in this industry.
This isn’t just a hypothetical; it’s really happening in the video game industry.
The sector brough in $120 billion in revenue in 2019, and estimates this year are already pointing to bringing in $160 billion, over 30% more than last year.
With this significant growth in gaming, Unity has decided to file its S-1 statement and go public.
Now, Unity is no ordinary gaming company, but it is behind over 50% of all mobile, PC, and console games. As a leading platform for creating and operating interactive, real-time 3D content, this could be a great pick and shovel play if you are looking to invest in the growing gaming industry.
As a development platform, this means it gets to profit not just when Activision Blizzard Inc. (NASDAQ: ATVI) puts out a game, but it can make money from every single studio developing on its platform.
Chances are you have never heard of Unity, but if you have played Pokemon GO, FIFA, Madden NFL, Assassin’s Creed, Hearthstone, or Apex Legends, they have all used Unity to develop these games according to its public filing.