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In This Article Here’s Why Are Investors Want to See Epic Games IPO Here’s why investors should consider before buying shares once Epic Games’ stock is available to the public. However, it’s important to note Epic Games stock faces a variety of risks and could disappoint investors that buy shares after Epic Games’ ticker is available as an IPO. Epic Games stock IPO is likely to be, well, epic. And that makes perfect sense, Fortnite might take place in a fantasy world with fake V-bucks being the currency of choice, but the profits are very real.īut it’s not just gamers looking to own this company, even Wall Street suits are highly interested in getting in on Epic Games. If you think GameStop is a can’t miss stock, it’s likely you are waiting for the day Epic Games’ stock symbol debuts on the public markets.
If Fortnite popularity declines in popularity it could drag Epic stock down with it.
Epic is engaged in a high stakes legal battle with Apple and Google that could turn out poorly. Now, following Musk’s tweet and the roller coaster ride its stock price has been on in recent days, Signal Advance is worth about $1.75 billion on Tuesday morning. On Tuesday morning, Bloomberg had his net worth pegged at $194 billion. At the same time, Musk’s personal net worth has skyrocketed, pushing him past Amazon CEO Jeff Bezos as the richest person in the world. The electric car maker has seen its stock price surge more than 700% since the start of 2020, making Tesla, with an $820 billion market cap, one of the five biggest publicly traded companies. The mix-up is a sign of Musk’s sway over the market right now, following Tesla’s remarkable run over the last year. He was likely referring to the app Signal, which allows users to share encrypted messages - not Signal Advance, the Texas-based medical supplies company.Īlso Read: Elon Musk Rockets Past Jeff Bezos as World's Richest Person Even after a 50% drop on Tuesday morning, the company’s stock price is still up 3,092% since the Tesla head honcho’s tweet, currently hovering near $19.15 per share on Tuesday morning.īut here’s the thing: Musk didn’t mean that Signal.
The tweet sent investors scrambling for shares of Signal Advance Inc., with the company’s stock price spiking from 60 cents per share last week to $38.70 on Monday. Signal’s stock price has soared over the last few days after Elon Musk, the world’s richest man, tweeted “Use Signal” last Thursday.