epic games inc stock

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what is Epic games?

Epic Games, Inc. is an American video game and software developer and publisher based in Cary, North Carolina. The company was founded by Tim Sweeney as Potomac Computer Systems in 1991, originally located in his parents’ house in Potomac, Maryland. Following his first commercial video game release(1991), the company became Epic Mega Games, Inc. in early 1992 and brought on Mark Rein, who is the company’s vice president to date. Moving their headquarters to Cary in 1999, the studio’s name was simplified to Epic Games.

Why Epic Games Matters

The group of people who would likely best understand how valuable Epic Games inc stock is — should it become publicly available — is Fortnite players. According to Statista, Fortnite has gathered more than 350 million players as of May 2020. Furthermore, the mobile version of Fortnite also shares its portion of success with 78 million download times in just a year after release.

Epic Games inc Stock

The largest owner of Epic Games inc stock is Epic’s founder and CEO, Tom Sweeney, who owns over 50% of the company. The next largest owner of Epic Games is the Chinese conglomerate Tencent Holdings (TETCHY). Tencent, the world’s largest video game company, owns around 40% of Epic Games’ stock.

Major investors in Epic include Baillie Gifford, Fidelity, Lightspeed Venture Partners, the Ontario Teachers’ Pension Plan Board, T. Rowe Price, Blackrock, David Tepper, KKR, and Smash Ventures.

Epic Games inc Stock Symbol

There is no Epic Games inc stock symbol because Epic is a privately-held company and not currently available for purchase on any global stock exchange. The stock ticker EPIC is not currently taken in the USA, so EPIC would be the ideal symbol for Epic Games stock. But until there is an IPO, there will be no stock symbol for Epic Games.

WHEN CAN I BUY EPIC GAMES’ STOCK?

Epic Games’ stock remains private and, provided you are a non-accredited investor (those meeting the Securities and Exchange Commission’s definitions of annual income or total net worth limits), you’ll have to wait until the company files for an IPO or does a reverse merger with an existing “blank check” special purpose acquisition company, or SPAC.

Unfortunately, Epic Games’ stock market debut doesn’t appear to be in the cards for 2021. Tim Sweeney has not outlined his timeline for filing for going public but Epic Games doesn’t need to take public money as private investors have stepped up to take ownership.

Is Epic Games going to IPO?

Epic Games has responded to suggestions that it is preparing to go public. … “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.”

Who Owns Epic Games inc Stock?

Currently, Tim Sweeney owns the majority of shares of Epic Games inc stock, and Tencent purchased a 40% equity stake.

Other venture capitalists own shares of the company, including:

Lightspeed Venture Partners
Smash Ventures
Kohlberg Kravis Roberts & Company

The MetaVerse and Epic Games inc stock

The metaverse is the idea of a shared virtual space where people can interact, communicate, and share knowledge. This article will explore how video games are on the brink of making that idea a reality.

More gamers stream their gameplay, turning computer screens into windows onto their worlds. It’s time to stop thinking of video games as just something you do in your spare time-they’re becoming a part of our everyday lives. From two different headsets to a host of new games, there are a lot of new developments happening on this front.