What is Discord and why is it filing for an IPO?

Discord is a popular chat app used by gamers and programmers, with over 200 million monthly users. It has filed confidentially for an IPO to potentially raise capital and become a publicly traded company.

Which investment banks are helping Discord with its IPO?

Discord is reportedly working with Goldman Sachs Group Inc. and JPMorgan Chase & Co. on its initial public offering plans.

Has Discord ever considered a sale before pursuing an IPO?

Yes, Discord rejected a $12 billion takeover offer from Microsoft Corp. in 2021 before moving forward with its own IPO considerations.

Home / Business and Economy / Discord Eyes IPO Amid Tech Listing Boom

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.