Discord Is Reportedly Exploring an IPO

According to a report from The New York Times, the popular chat platform Discord is reportedly considering an initial public offering (IPO). Sources indicate that Discord's leadership has been engaging with investment bankers recently to discuss preparations for an IPO that could potentially occur later this year. At its last valuation in 2021, Discord was valued at approximately $15 billion.

In response to the report, a Discord spokesperson told The New York Times, "We understand there is a lot of interest around Discord’s future plans, but we do not comment on rumors or speculation. Our focus remains on delivering the best possible experience for our users and building a strong, sustainable business."

Discord has seen a significant rise in popularity, particularly within the gaming community, due to its gaming-friendly features and robust moderation and community tools. The platform has been integrated into PlayStation 5 and Xbox Series consoles, offering an easy and convenient voice chat option during gaming sessions. Additionally, Discord has introduced streaming options, enhancing its utility. The service remains free to use, though it offers various monetized options for users seeking more customizable features.

However, the prospect of an IPO has sparked concern among users. On the r/Discordapp subreddit, the most upvoted comment expressed apprehension: "Whelp! It's been fun, but anytime someone decides they want to 'make a public offering' then the company *everything* goes to shit. What's the next communications platform promising to not sell out, like all the others?" Similarly, on r/technology, a user commented, "Rip Discord, brought into the cycle of infinite growth at any cost."

The news of a potential IPO isn't entirely surprising. In 2021, it was reported that Discord was in talks with at least three companies, including Microsoft, about a possible acquisition. However, a month later, it was announced that Discord would remain independent and focus on pursuing an IPO.