Discord IPO: Is Discord Going Public?

Discord Explores Potential IPO

Discord, the widely-used chat application boasting over 200 million active monthly users, is reportedly initiating preliminary discussions regarding a potential Initial Public Offering (IPO), according to a report by The New York Times.

These conversations with investment banking firms are currently in the exploratory phase, and future strategies are subject to modification, sources familiar with the matter have indicated to the NYT.

Company Response

A Discord spokesperson communicated to TechCrunch that the company acknowledges the significant public interest in its future direction. However, they maintain a policy of not commenting on market speculation or unconfirmed reports.

Previous IPO Considerations

This is not the first instance where Discord has evaluated the possibility of going public.

In 2021, the San Francisco-based company declined a proposed acquisition offer of $10 billion from Microsoft, opting instead to explore maintaining its independence and pursuing an IPO.

Valuation History

Discord’s most recent valuation stood at $14.7 billion following a $500 million funding round completed in 2021.

Community and Emerging Trends

The platform enjoys considerable popularity within specific online communities, notably those centered around video games and cryptocurrency.

Interestingly, Discord has also become a surprising hub for activity related to the burgeoning field of Artificial Intelligence (AI).

Companies specializing in image generation, such as Midjourney, currently operate and thrive within Discord’s server environment.