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EPIC Games could be going public

Uzupedro

Uzupedro

Banned
May 16, 2020
12,234
Rio de Janeiro
Epic recently hired an Investor relations which(according to Google) is the one who ''effectively control the flow of information between a public company, its investors, and its stakeholders'', so this could mean that EPIC is preparing to have an IPO/going public.


 
Kthulhu

Kthulhu

Member
Oct 25, 2017
14,670
It'll be interesting to get a peak at some business details if this is true. I'm sure the SEC filings will have some interesting tidbits.
 

Raigor

Member
May 14, 2020
15,191
Another overvalued IPO incoming.

After Roblox I expect Epic Games to be valued at least $50 billion.
 
Lord Fanny

Lord Fanny

Member
Apr 25, 2020
26,071
I thought they already were lol. Wonder how much they will open at? Seems like it'd potentially be a good stock to get in on the ground floor
 
Hamster Plugin

Hamster Plugin

Member
Oct 25, 2017
4,845
I think this means they can't do free games and crazy $10 coupons much longer. Lots of investors are not going to be happy looking at that kind of expense.
 
Astandahl

Astandahl

Member
Oct 28, 2017
9,034
Would be really interesting to know how much of their total revenue is driven by Fortnite related content.
 
Raide

Raide

Banned
Oct 31, 2017
16,596
I guess Epic are just betting on people being invested in Fortnite for the next decade or so.
 
Lobster Roll

Lobster Roll

signature-less, now and forever™
Member
Sep 24, 2019
34,592
ILikeFeet said:
Epic is far more invested in multimedia production now. they'll be fine whenever fortnite dies
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The interesting thing about going public is that there is an expectation from shareholders that growth will happen. I don't think "being fine" for the future is what they're targeting if they're looking to be traded publicly.
 
Alvis

Alvis

Saw the truth behind the copied door
Member
Oct 25, 2017
11,272
i'll buy every share and shut down EGS
 

Deleted member 34788

User requested account closure
Banned
Nov 29, 2017
3,545
Eh seems unnecessary what with the success they had, can only think the big legal battle with apple and Google is proving very costly for them.

Oh well, easy buy
 
Rental

Rental

Member
Oct 28, 2017
1,659
ILikeFeet said:
Epic is far more invested in multimedia production now. they'll be fine whenever fortnite dies
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Agree and it's not like they can't create popular games over each decade.

They have had Unreal series to Gears of War to Fortnite.

I imagine they can come up with something when Fortnite dies down as history has shown they can.

Imagine if in game purchases existed in the unreal days. It would have been another fortnite with customization and cosmetics.
 
Mecha

Mecha

Shinra Employee
Avenger
Oct 25, 2017
2,479
Honduras
Epic is such an amazing success story for the industry. Like Valve it's understandable their lack of interest in developing more new ip/games themselves, they have a huge grip around the industry in many fronts and I don't expect them to slow down.
 
HandsomeCharles

HandsomeCharles

Member
Oct 26, 2017
3,970
Interesting, I was under the assumption that Tim wanted to remain the majority shareholder. I suppose that's still possible.

If it does go public, I'm definitely picking up some shares.
 

Deleted member 4179

User requested account closure
Banned
Oct 25, 2017
518
Feel bad for all the employees who actually like their job that are about to get kicked in the face
 

kitler53

Member
Oct 15, 2020
208
we'll have to see what their evaluation is but between UE4, EGS, and their multimedia ventures i foresee a lot of growth potential here.
 
jelly

jelly

Banned
Oct 26, 2017
33,841
Why would Sweeney do it, they must be minted already, seems kinda pointless unless they can't achieve their goals without it. Has Sweeney got Corp envy.
 

Neilg

Member
Nov 16, 2017
711
HandsomeCharles said:
Interesting, I was under the assumption that Tim wanted to remain the majority shareholder. I suppose that's still possible.

If it does go public, I'm definitely picking up some shares.
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He's the majority shareholder of a potentially $20bn company - but as a private company it's pretty much impossible for to extract any significant amount of money from that on paper figure.
If he puts up 50% of his shares to float on the stock market, this will make him $10bn in cash and he'll still be the majority stakeholder. those numbers are very conservative, it will all likely be much higher.


rootbeerafloat said:
Feel bad for all the employees who actually like their job that are about to get kicked in the face
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why would they be getting a kick in the face? typically for long-term employees, an IPO works out very well for them.
 
meschio94

meschio94

Member
Jan 26, 2018
140
Neilg said:
He's the majority shareholder of a potentially $20bn company - but as a private company it's pretty much impossible for to extract any significant amount of money from that on paper figure.
If he puts up 50% of his shares to float on the stock market, this will make him $10bn in cash and he'll still be the majority stakeholder. those numbers are very conservative, it will all likely be much higher.
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Tencent have 48,4% stocks in Epic right now, if sweeny sold like the 50% he isn't the majority stakeholders, tencent can even go for an hostile takeover
 
ILikeFeet

ILikeFeet

DF Deet Master
Banned
Oct 25, 2017
61,987
jelly said:
Why would Sweeney do it, they must be minted already, seems kinda pointless unless they can't achieve their goals without it. Has Sweeney got Corp envy.
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they want UE in more places than just video games. they'll need more investment to grow the engine into a comprehensive production tool. they want shit like Avatar-levels of quality to be built using their engine
 
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