Epic Games denies rumors that it’s aiming for an IPO

why does this continue

It’s a pretty well-known fact that Epic Games is doing pretty well for itself between the success of Fortnite and the ongoing popularity of the Unreal engine. As a result, when someone spied the company hiring someone to work in Investor Relations, the supposition was that the company was getting ready to put forth an IPO (in other words, making a public stock offering). The company has responded to those rumors by roundly denying them via a spokesperson’s statement:

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. 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.

Of course, the company also has no shortage of investors, including heavy investment by Disney and of course the well-known partial ownership by Chinese gaming giant Tencent. It’s not hurting for invested cash, in other words. It still remains to be seen if the company’s investment strategy will change in the future, but for now, there’s no IPO in the cards for Epic. (Which means that any “epic investment” jokes will have to wait.)

Previous articleRuneScape improves various teleportation methods and adds a Valentine’s Day-themed heist
Next articleShroud of the Avatar adds two new community events and makes its fishing tourney a monthly event

No posts to display

oldest most liked
Inline Feedback
View all comments