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Discord Eyes IPO Amid Tech Listing Boom
7 Jan
Summary
- Discord, a chat app with over 200 million monthly users, has confidentially filed for an IPO.
- The company is reportedly working with Goldman Sachs and JPMorgan Chase on its public listing.
- Discord previously rejected a $12 billion takeover offer from Microsoft in 2021.
Discord Inc. has confidentially filed for an initial public offering, signaling a potential major financial milestone for the widely-used chat application. The San Francisco-based company, known for its platform popular among gamers and programmers, is reportedly collaborating with investment banks Goldman Sachs Group Inc. and JPMorgan Chase & Co. to navigate the complex process of a public listing.
The move by Discord, which reported over 200 million monthly users as of December, aligns with a growing trend of venture capital-backed technology firms pursuing public offerings. The US market for first-time share sales has seen considerable growth, with tech IPOs raising substantially more in the preceding year than in 2024. This surge indicates a robust environment for companies seeking to enter the public market.
While deliberations are ongoing and the company could still decide against a listing, its preparations add to a pipeline of anticipated tech IPOs. Notably, Discord previously rejected a $12 billion takeover proposal from Microsoft Corp. in 2021, underscoring its strategic vision and perceived valuation. The company, founded in 2015, offers both free and paid subscription services, catering to a diverse user base beyond its initial gaming focus.
