Fortnite Developer Epic Responds To Speculation About IPO

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Fortnite developer Epic Games has confirmed it continues to hire people to help with its investor relations initiatives, but that does not necessarily mean the company is planning to go public with an IPO.

A spokesperson for Epic told GameSpot that the company is “always monitoring the market” and that it has the foundation in place to make a move if it wanted to. However, right now the company has no official plans to go public, it seems.

“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 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.”

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GameSpot is a video gaming website that provides news, reviews, previews, downloads, and other information on video games. The site was launched on May 1, 1996, created by Pete Deemer, Vince Broady and Jon Epstein. It was purchased by ZDNet, a brand which was later purchased by CNET Networks.