![]() ![]() Click on that option to view your purchase history. Once you have signed in, you will see a “Purchased” option in your account profile. ![]() Step 2: Go to the Purchase History Section ![]() After accessing the website, click on “Sign In” and enter your account details. The first thing you need to do is visit the Epic Games Store website. In this article, we will guide you on how to refund a purchase on the Epic Games Store. However, sometimes things go wrong, and players may need to refund a purchase on the Epic Games Store. It offers a wide range of games that cater to different players’ requirements. This is a common practice for companies going public and seeking to drum up interest in the forthcoming shares.Epic Games Store is one of the most popular gaming platforms in the world. The company would likely announce its intentions well before the IPO date. Investors hoping to someday own Epic Games stock should follow press releases and announcements on the Epic Games website. Then again, the CEO doesn’t need to, as Epic has had no trouble making and raising money as a private company. But Sweeney hasn’t shown much interest in taking his company public. It’s a bellwether for an important media and entertainment sector.Īn IPO would also reward the venture capital firms that have financed and supported Epic. Epic is one of the planet’s biggest game developers. Without much doubt, an Epic Games IPO in 2022 or later would inspire fanfare and attention in the business world. The private company would become very public, with its financials reported each quarter, as well as regular investor meetings, conference calls with analysts, constant press scrutiny and accountability for the decisions taken by its executives. The downside to a public listing is the raft of legal and financial requirements that would come with it. But a number of online trading platforms, including TradeStation and Robinhood, now offer IPO access directly to their members. In the past, investors had to be connected to a company or its business partners to access IPO shares. As with any other listed shares, the Epic Games stock price would rise and fall according to supply and demand and the trends in the national economy. A stock exchange comes up with a ticker symbol and allows trading in the shares by brokers and the public. Early investors and executives are allotted shares at a discounted price. With an IPO, underwriters bring a block of shares to the market. ![]() The idea would be to reward the company’s backers with a way to earn a profit with publicly traded shares. In the future, Sweeney may decide to go through with an IPO. The only way to get a piece of Epic is to buy into its outside investors, such as Tencent or Sony. Epic Games Stock: A Future IPO?Īlthough Epic has shares, they’re not currently available to the public for purchase. After a new round of funding in 2022, the company’s equity value rose to $31.5 billion. Sweeney has opened more than 40 Epic offices around the world but has Epic’s headquarters in Cary, North Carolina. Through it all, Tim Sweeney has held onto more than 50% of the company’s outstanding shares. It has also attracted Tencent, a Chinese media and technology company, as a minority investor. It has major hedge funds, corporations and money-management firms as investors, including Sony, Appaloosa, Baillie Gifford, BlackRock, Fidelity and T. For a private company like Epic, it means securing financing from lenders.Įpic has had no trouble attracting financial support. For a public company, that often means issuing bonds or shares to the public. To continually develop and expand, any business venture needs capital. By 2021, this online battle royale platform had more than 350 million players worldwide, and it was pulling in more than $5 billion a year from in-game purchases as of 2020.Īlong the way, Epic has acquired several smaller companies, including Sketchfab and Bandcamp. The company’s smash hit “Fortnite” hit the market in 2011. The company offered this software framework to other game designers in return for a percentage of their sales. The company designed successful games as well as the Unreal Engine. The Epic Games StoryĮpic Games was founded in 1991 by Tim Sweeney, who was later joined by partner Mark Rein. However, Epic Games stakeholders may choose to have an initial public offering, or IPO, in the future. For investors interested in Epic Games stock, it’s important to note that the company is currently private and not tradable on the stock market. ![]()
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