Epic Games IPO : Epic’s Long-Term Vision to the Metaverse
During a press conference on April 13th, Epic Games announced that it has raised an extra $1 billion in funding, bringing its total funding to $28.7 billion. With the addition of Sony’s previous strategic investments in Epic, the company received an additional $200 million in finance.
By August 2020, private investors invested $17.3 billion in Epic Games, making it possible for Epic to raise large sums without having to issue shares.
Epic Games Stock IPO
Epic Games isn’t planning an IPO anytime soon because the company can raise massive sums of money without going public. Sweeney is in charge of the business, but he also has access to Tencent’s resources and funds. If Epic Games goes public, Sweeney will have to give up control.
One billion dollars in investment will keep Epic Games private, but “Announcing a $1 billion Round to Support Epic’s Long-Term Vision to the Metaverse” is another indication of Epic’s long-term ambition. Even if Epic Games continues to spend aggressively toward its aim of developing the metaverse, public markets may be required in the future.
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Thank you to our new and current investors for your continued faith in Epic and the Metaverse. We couldn’t do it without you. Fortnite, Rocket League and Fall Guys will benefit from their commitment in the development of linked social experiences, while Epic Online Services and the Epic Games Store will empower game developers and creators,” said Tim Sweeney, CEO and Founder, Epic Games.
Through its cutting-edge technologies, Epic continues to bring new experiences to gamers and those in the digital entertainment sector. People throughout the world may expect exciting new entertainment experiences as a result of our continued collaboration. When it comes to “filling the world with emotions,” this accords with our mission,” stated Kenichiro Yoshida, Chairman, President and CEO of Sony Group.
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