![]() ![]() The IPO process is time consuming and costly. ![]() However, Sweeney may decide to take Epic Games public to give liquidity to employees and shareholders. The company has attracted considerable funding which may explain why there has been no rush to IPO.Īs operation stand now, it may be possible for Epic Games to stay private for the long term. Raising capital for growth is a primary motivator for private companies to launch an IPO. Sweeney has not made any official statement about plans to exit. They aim to pick up information that will help them estimate the likelihood of an exit and predict an IPO timeline. Journalists regularly look to the company CEOs and ask about their plans to take the company public. Epic Games has enjoyed steady growth in revenue from $5.7 billion in 2021 to $6.3 billion in 2022. The company has been in existence since 1991. Epic Games may not exit if it doesn't align with the company's mission, even though it seems to be ready. Research on successful tech stock IPOs found that companies operating for at least ten years with stable revenue perform the best. Epic Games made an official statement in reply that they were monitoring the market but focused generating shareholder value. In response to probing questions about what the hire meant, the company gave no definite reply regarding IPO plans. Serious rumors around an Epic Games IPO swirled in 2021, when the company hired a public relations expert. Epic Games CEO Tim Sweeney retains a significant ownership stake estimated to be 28% in 2023. Tencent purchased a 40% stake in Epic Games in 2012. Retail investors interested in buying Epic Games stock may acquire indirect exposure by buying shares of Tencent stock. Rowe Price, Lightspeed, Smash Capital, Franklin Templeton, BlackRock and others. This funding totaled $2 billion raised at an Epic Games valuation of $31.5 billion.Įarlier institutional investors in Epic Games include Fidelity, Baillie Gifford, T. Sony Corporation and Kirkbi led Epic Games' most recent funding round in 2022. They own many companies including Aquiris, Capturing Reality, Tonic Games Group, Cubic Motion, Hypersense, Sketchfab, and more. Company competitors include EA, Riot Games, Dream Games, and Animoca Brands.Įpic Games has acquired a number of video game companies. The public offering Epic Games stock price or target reference price can not be less than $10.74427 per share.Įpic Games is a leader in the gaming industry but has privately held companies and public companies to contend with. Current filings clearly state that a qualified public offering (including IPO, SPAC or Direct Listing) must meet company mandated minimum criteria.Įpic Games's must make at least $100,000,000 in aggregate gross proceeds from the sale of its shares in an IPO. A company files a S-1 with the Securities and Exchange Commission to signal its intentions to be a publicly traded company.Įpic Games' initial public offering or IPO timeline, is uncertain. Those looking to invest in Epic Games stock are waiting for the company to file a Form S-1. Epic Games earned $820 million from PC gamers in 2022, and $355 million from 3rd-party PC gamers through their store.Įpic Games stock is not yet listed on the NASDAQ or NYSE stock exchanges because it is a private company. UE has applications across industries from game development, film creation, architecture, transportation, broadcasting, and more.Īs of 2022, the company had 723 million user accounts across its platform. Epic Games also offers Unreal Engine, an open-sourced 3D gaming engine or creation tool. Epic Games also publishes games through its store where users can purchase games online.Ī few of the company’s popular games include Fortnite, Alan Wake, League of Legends and Grand Theft Auto. is a privately-held US video game and software developer.
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