Want to Make Extra Money Now?
|
Having burst onto the scene in 2017, Fortnite has since become a worldwide phenomenon, amassing 350 million players across the globe according to recent statistics.
It's only natural to think about how to get in on the fun and make some money by investing in Epic Games IPO.
I'm not new to investing in the biggest IPOs of last year — in fact, I've added Unity (U), Rocket Companies (RKT), X Peng (XPEV), Palantir (PLTR), ContextLogic (WISH), DoorDash (DASH) and Airbnb (ABNB) to my portfolio last year.
I'm up on all of my strategic IPO entries. So my next play? It is Epic Stock's IPO. After all, they did just recently hired for a new position in investor relations in February 2021.
I did some digging to learn more about Epic Games and see when they are on track to IPO in 2022. Let's dig in.
Who Owns Epic Games?
There is a lot of confusion around who owns Epic Games. A lot questions arise such as does Elon Musk own Fortnite or does China own Fortnite?
So who really owns Fortnite? Tim Sweeney is the CEO and founder of Epic Games, the company that brought the world “Fortnite.”
Epic Games operates Fortnite, one of the world’s largest games with over 350 million accounts and 2.5 billion friend connections.
Founded in 1991, Epic Games is an American company is headquartered in Cary, North Carolina and has more than 40 offices worldwide.
Today, Epic is a leading interactive entertainment company and provider of 3D engine technology.
Epic also develops Unreal Engine, which powers the world’s leading games and is also adopted across industries such as film and television, architecture, automotive, manufacturing, and simulation.
Through Unreal Engine, Epic Games Store, and Epic Online Services, Epic provides an end-to-end digital ecosystem for developers and creators to build, distribute, and operate games and other content.
Is Epic Games a Publicly Traded Company?
As of April 2022, Epic Games is not a publicly-traded company and is a private company. The founder and CEO of the company, Tim Sweeney, owns more than 50% of Epic Games. Tencent Holdings (TCEHY) holds the other percentage of the company which was purchased in 2012. There have been no public announcements that Epic Games will be publicly traded in 2022.
Can You Buy Epic Games Stock or Options?
Epic's Fortnite has more than 350 million registered players, the game developer announced recently. That makes it an appealing investment for those who want to buy Epic Games stock and options in 2022. However, Epic Games is not currently available to purchase on the stock market since the company is private and not tradable.
Effortless Ways to Invest Money
Is Epic Games Considering an IPO?
There is a rumor that originated on a Reddit thread that Epic Games is considering an IPO.
Keep in mind these are simply rumors and not anything announced publicly by the company:
Epic Games recently hired for a new position in investor relations, with Bloomberg tech columnist Tae Kim commenting the 👀 emoji.
Daniel Ahmad (ZhugeEx) replied, stating “Seems like Epic Games IPO won't be too far off. Not too surprising tbh”
An IPO is an initial public offering, essentially a process in which a company will open up its shares to be bought by the public on a stock exchange – transforming the company from a privately held one to a public company.
Epic's main rival in the game engine space – Unity Technologies – went public in June 2020. The IPO valued Unity at $13.7bn but Unity's share price has surged in recent months, with Unity now valued at $35bn.
However, a spokesperson told GameSpot the Fortnite and Unreal Engine creator is concentrating on other things at the moment.
“It's fairly common for companies of our size to hire people to help broaden and deepen relationships with existing investors and build new relationships,” the spokesperson said.
“Epic is always monitoring the market and is prepared to consider opportunities as they arise, but right now we are focused on investing in our business, executing against our opportunities, and delivering value to our investors.”
What is Stock Symbol for Epic Games?
If Epic Games were to announce that it would go public, it could likely trade under the stock symbol “EPCG” or “EGME”.
A perfect stock symbol would have been “EPIC” but that is a stock of the Epic Corporation Common Stock, which is not affiliated to Epic Games.
Epic Games IPO Summary
Tim Sweeney is the CEO and founder of Epic Games, the company that brought the world “Fortnite.”
As of April 2022, Epic Games is not a publicly traded company and is a private company. The founder and CEO of the company, Tim Sweeney, owns more than 50% of Epic Games. Tencent Holdings (TCEHY) holds the other percentage of the company which was purchased in 2012. There have been no public announcements that Epic Games will be publicly traded in 2022.
Epic's Fortnite has more than 350 million registered players, the game developer announced recently. That makes it an appealing investment for those who want to buy Epic Games stock in 2022. However, Epic Games is not currently available to purchase on the stock market since the company is private and not tradable.
If Epic Games were to announce that it would go public, it could likely trade under the stock symbol “EPCG” or “EGME”. A perfect stock symbol would have been “EPIC” but that is a stock of the Epic Corporation Common Stock, which is not affiliated to Epic Games.
Related:
- Best Robinhood Alternatives
- How to Start Investing with Little Money
- How to Get Free Stocks
- Gatsby App Review
Arrived lets you invest in residential real estate and vacation rentals with only $100. It's an excellent option for anyone looking to earn passive income with rental units. And the platform is available to non-accredited investors.
Microsoft has started the big player move to own the next big thing. Online games with zero latency are expected to appreciate 300% in the next decade. Going public is like putting your company up for sale.
With Unity valued at 3 times there original estimate, I would guess unreal has a number in mind.