Although the market for initial public offerings has been rather dead, IPOs are known as a great way for investors to profit in a relatively short time. When the market is good, they can easily bring investors 40% returns in the first 3 months. IPOs can be a great way for companies to get to the public stock market and raise capital to continue their business journey.If you invest into gaming companies, you may have wondered, “is Epic Games publicly traded?” Read on to find out everything about Epic Games stock IPO.
Epic Games History
Epic Games is an American video game and software development and distribution company that was founded in 1991.
Famous as the maker of Fortnite, the cartoon-styled online multiplayer third-person shooter that lets you build improvised fortresses and make silly dance moves that the Gen Z just love. Fortnite alone has an estimated 400 million players.
Unlike many other game developers, Epic Games is far from being a one-trick pony, they’re also responsible for the Gears of War franchise.
But not everyone realizes the true impact the company has had on the gaming industry. In 1998, they released the legendary first-person shooter Unreal made using their in-house Unreal Engine. Not only did Unreal become one of the earliest esports phenomenons in its own right, but the Unreal engine has been used in countless other games.
The engine comes with a 3D creation environment and generates revenue through licensing to other game makers and, currently in its fifth version, is still at the forefront of 3D rendering technology.
Epic Games is also a publisher and they have their own store, the Epic Games Store.
Since its inception over 30 years ago, the company has raised $4.4 billion over multiple rounds, the latest one in 2020 giving the company a $28 billion valuation.
According to sources online, an IPO would give Epic Games a valuation of over $30 billion.
That’s why it seems like everyone on Reddit is asking the question, “when is Epic Games going public?”
Read on to find out the Epic Games IPO date and price, and other key info.
Epic Games Public Listing Key Data and IPO Date
Epic Games IPO Date: N/A
IPO stock price: N/A
Valuation (pre-IPO): $31.5 billion
Market cap: N/A
CEO: Tim Sweeney
If Epic Games did proceed with an public offering, they would probably go for an IPO on Nasdaq as most software and gaming companies like Electronic Arts (EA) and Activision Blizzard (ATVI) are listed on this tech-dominated exchange.
For now, we don’t know anything specific about their IPO date, suggested stock price or stock symbol, as private companies are not legally required to disclose any information about their upcoming IPO.
Check back to this page to find out all the key information when it becomes available.
A company of their size is likely to launch a traditional IPO instead of doing it via a special purpose acquisition company (SPAC). This is a way to launch an IPO by merging with a blank-check company, which makes the IPO process cheaper and quicker.
CEO and founder Tim Sweeney, who owns 40% of the company, has an estimated net worth of $4.7 billion.
So What About Investing Now?
The topic of an Epic Games IPO is very popular online, but even though every gaming investor has been hoping for an Epic Games IPO, right now it doesn’t look likely to happen.
No official announcements have been made and the company officially brushed off the rumors in February 2021 saying that they are focused on other things like bringing value to their existing investors, including Tencent and Sony.
Needless to say, the market for IPOs hasn’t been very good (to put it lightly) since the beginning of the war in Ukraine and many tech IPOs failed, some with even bigger valuations.
Companies like Chime, Stripe and Discord are putting off their IPO even despite making announcements about them, and Instacart canceled theirs altogether.
However, if Epic Games does decide to go for an IPO, possibly in a better stock market environment, this would be one of the favorites of the gaming industry to do well.
Their long history of creating top video games would be a great reason for investors to believe in their future success.
But for now the Epic Games IPO date remains wide open.
Check out our IPO section to look at other scheduled IPOs. If you want to find companies that match your interests, investment goals and portfolio, try Gainy for some great IPO investment ideas, as well as established blue-chip companies and a variety of other assets.
When is the Epic Games IPO date?
For now no official announcements have been made but everyone on the Internet seems to be hoping for an Epic Games stock IPO date in 2023 or 2024.
Is Epic Games a public company?
No, right now there isn’t an Epic Games IPO planned anytime soon. But if Epic Games were to launch an IPO (initial public offering), they become a public company whose shares are traded openly on the stock exchange. Then we would find out the Epic Games IPO price and other details in due course.