1047 Games, founded in 2016 and headquartered in Zephyr Cove, Nevada, is a video game development company known for its free-to-play first-person shooter game, Splitgate. The game's unique selling point is its incorporation of portals, creating a distinctive gaming experience across PlayStation, Xbox, and PC platforms.
Since its inception, 1047 Games has shown significant growth potential, attracting substantial investments from notable venture capital firms. The company has raised a total of $126.5 million through various funding rounds, including a Series B round in September 2021 that raised $100 million at a reported valuation of $1.5 billion. This rapid increase in valuation demonstrates investor confidence in the company's future prospects.
While there is no official news regarding 1047 Games' IPO plans, the company's success in the competitive gaming industry and its ability to secure significant funding could potentially position it for future public offering considerations. However, it's important to note that any discussions about a potential IPO for 1047 Games remain speculative at this time.
Factors that may influence any future IPO decisions could include the continued success and growth of Splitgate, the company's ability to diversify its game portfolio, and overall market conditions in the gaming and tech sectors. As with any private company, the decision to go public would likely depend on various internal and external factors, including the company's financial performance, market readiness, and strategic goals.
Investors interested in the gaming industry and potential future opportunities to invest in 1047 Games should continue to monitor the company's progress and any official announcements regarding its plans for growth and potential public offerings.
While 1047 Games' IPO prospects remain uncertain, investors eager to explore opportunities in the gaming industry don't have to wait. At Linqto, we offer members access to interests in promising private companies before they go public. Our platform provides the opportunity to invest in potential leaders in the gaming and technology sectors, with lower minimum investments than traditional private equity opportunities. By investing through Linqto, you could potentially benefit from the growth of innovative companies like 1047 Games before they hit the public markets.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.