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Nope, it doesn't look like Epic is going public yet

Nope, it doesn't look like Epic is going public yet

Epic Games has downplayed rumours that it is heading towards an IPO in the near future.

That's according a spokesperson for the Fortnite firm, who told GameSpot that while it was keeping an eye on the market, it was mostly concerned with attracted private investment for the time being.

This follows Bloomberg columnist Tae Kim posting on Twitter that someone had started work as in investor relations for Epic Games.

"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," a spokesperson for the company said.

"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."

This news comes in the wake of fellow engine firm Unity conducting its IPO at the end of 2020, while Roblox – which targets a similar demographic to Fortnite – is set to go public via a direct listing with a $29.5 billion valuation.

Epic is still raking in huge amounts of private investment. In August 2020, the firm was valued at a whopping $17.3 billion after it raised close to $2 billion in funding.


PCGamesInsider Contributing Editor

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he joined Steel Media as the editor for new site PCGamesInsider.biz. In October 2019 he left this full-time position at the company but still contributes to the site on a daily basis. He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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