![]() These video game companies have reached some of the most exciting levels of the stock market game, achieving amazing revenue goals and surpassing investor expectations. The industry’s increasing revenue growth has Wall Street taking notice. Some of these companies also manufacture video game hardware, such as gaming consoles. Video games stocks are issued by companies that design and distribute video games. 7 Outdoor Living Stocks to Buy Before Investors Go Away For the Summer.7 NFT Related Stocks That Are Helping to Drive This Trend.7 Agricultural Technology Stocks to Buy as Commodity Prices Remain Volatile.7 Dividend Stocks to Buy When Safety is Your Top Priority.7 Stagflation Stocks to Help Navigate Periods of Low Growth.7 Commodities ETFs to Help Build a Hedge Against Inflation.7 Dividend Stocks That Earn 10% Every Month.7 Dividend Aristocrats to Help You Take the Bite Out of the Bear.10 Recession-Proof Stocks That Will Let You Wait Out the Bear.7 Stocks with the Pricing Power to Push Through High Inflation.7 Blue-Chip Dividend Stocks That Won’t be Impacted by Rising Interest Rates.Shopify Stock Rallies Despite Quarterly Loss.Can These Two Airline Stocks Overcome Gravity And Fly Higher?.The MarketBeat Podcast: Portfolio Management in Market Downturns.Waste Management's Earnings Beat Expectation, Stock Gains.Should You Buy AbbVie Ahead Of Earnings?.A Closer Look At Disney: Can It Earn a Place in Your Portfolio?.Two High Yield ETF That Can Substitute For Index Funds.Did The FOMC Put A Bottom In The S&P 500?.C3.AI Stock is a Bargain Enterprise Artificial Intelligence Game Changer.The Trader's Guide to Equities Research.Last year rapper Travis Scott made $20 million for a 9-minute digital concert on Fortnite. Fortnite has become a cultural rite of passage and is quickly becoming a lifestyle brand for its massive 350 million user base. If Epic Games decides to go public, it's likely the company will be one of the hottest IPOs in 2021. 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.Įpic Games might bill this as a fairly common hire, but the rest of the communication represents a slight change of tone from Sweeney's long-term boilerplate answer that the company has no plans to go public. 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. slightlyĪn Epic Games spokesperson responded to an inquiry from video gaming fan site Shacknews related to the IR hire: Millennial Money has a deeper dive on Epic Games stock, including what public company owns 40% of Epic Games that you can buy right now! Epic Games changes its tune. ![]() All told, Epic has raised $3.4 billion in funding, with the August 2020 raise of $1.75 billion being the largest.Īs of the last round of funding, Epic Games had a post-money valuation of $17.3 billion. The unsurprising knee-jerk assumption regarding this hire was Epic Games is planning on following video-gaming peer Roblox in going public.Īs a private company, Epic Games is under no obligation to release information related to funding but press releases and other publicly available data confirm the company has taken only three rounds of funding since 2012. This was surprising because, to date, Epic Games has been discerning on its funding rounds and has chosen to take money from strategic investors rather than purely financial backers.Ĭonversely, an investment relations specialist tends to be a hire for public companies as the role communicates frequently with purely financial backers like fund (hedge and mutual) managers and other various large buyers of public stock. Bloomberg Technology columnist Tae Kim first spotted the privately held company had hired an investor relations specialist. The newest hire kicked off a media feeding frenzy.
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