Their investment will help accelerate our work around building connected social experiences in Fortnite, Rocket League and Fall Guys, while empowering game developers and creators with Unreal Engine, Epic Online Services and the Epic Games Store,” Sweeney said. “We are grateful to our new and existing investors who support our vision for Epic and the Metaverse. Video games as a category has thrived during the pandemic, with new Xbox and PlayStation consoles only accelerating the surge in demand. In announcing the injection of capital, Sweeney said it would help advance Epic’s efforts in technology, entertainment and what it calls “socially connected online services.” Through Fortnite and its other platforms, the company has promoted what it calls a “metaverse.” In particular during Covid-19, it has drawn sizable online crowds by hosting concerts, trailer reveals, screenings and other virtual events. Epic has a single class of common stock, and founder and CEO Tim Sweeney remains the company’s controlling shareholder. Rowe Price, KKR, AllianceBernstein, Altimeter, Luxor Capital, and funds and accounts managed by Fidelity and BlackRock.
Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.Other investors include Appaloosa, T. Please note, the above content constitutes a very preliminary observation or view based on market trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Both the companies are aiming to provide a digital immersive experience to kids in future.Īlso Read: Excelerate Energy IPO: When can you buy this LNG provider's stock? Lego and Epic Games are reportedly working together to build a metaverse for kids which would be safe and fun. In the recent funding round, the company reportedly received funding from Sony and Kirbi, which the parent company of Lego. The markets remain volatile due to the ongoing Russia and Ukraine war and investors are skeptical due to rising inflation and interest rate hikes.Įpic Games is a popular company, and it is set to explore the metaverse, which is becoming mainstream among millennials. Hence, investors looking to invest in the Epic Games stock have an alternative option of buying the stock of Tencent Holdings.Īlso Read: Can you buy SiFive stock in North American markets?Ģ022 has remained weak for IPOs and it seems highly unlikely that Epic Games IPO would happen this year. Notably, Tencent is also a large video game company, and it trades at the Hong Kong Stock Exchange. The company is owned by its founder Tim Sweeney, Tencent Holdings, and venture capital groups. As the video game company is not listed on any stock exchange, its stock is not available, and an individual cannot invest in the Epic Games stock. Epic Games IPO happening?Įpic Games has not announced its initial public offering (IPO) plans yet and it seems it will remain private for a long time as it is raising significant amount of money in private funding rounds.Įpic Games' major investors include Blackrock, T.Rowe Price, KKR, and Smash Ventures, among others. The video game company has remained in the news after it was recently reported that it raised US$ 2 billion in a funding round to build a kid-friendly metaverse. On Monday, April 25, it appeared that investors were looking for the Epic Games IPO plans. Notably, Fortnite is a free-to-play game, however, Epic Games earn money through selling subscription plans in which players get extra perks and weapons. In 2021, Fortnite reportedly had more than 350 million players and this number jumped from 125 million in 2018. It seems that both games and investors want to get their hands on the stock of Epic Games as it makes and markets Fortnite, one of the most popular games worldwide.
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The North Carolina-based video game and software developer Epic Games often attracts people due to its popular games.
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