According to recent reports from The New York Times, the popular chat platform Discord is exploring the possibility of an initial public offering (IPO). Sources indicate that Discord's leadership has been engaging with investment bankers over the past few weeks to lay the groundwork for an IPO that could potentially launch as soon as this year. At its last valuation in 2021, Discord was estimated to be worth around $15 billion.
In response to these rumors, a Discord spokesperson provided a statement to The New York Times, saying, "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, thanks to its user-friendly features and robust moderation and community tools. The platform's integration with PlayStation 5 and Xbox Series consoles has made it a go-to option for voice chat during gaming sessions. Additionally, Discord has recently added streaming capabilities, enhancing its appeal. While the platform is free to use, it offers various monetized options that provide users with more customizable features.
However, the prospect of an IPO has sparked concerns among Discord's user base. On Reddit, in the r/Discordapp thread, the most upvoted comment expresses apprehension about the potential negative impact on the platform's functionality, stating, "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, in the r/technology subreddit, users lament, "Rip Discord, brought into the cycle of infinite growth at any cost."
These IPO rumors are not entirely surprising. In 2021, it was reported that Discord was in talks with at least three companies, including Microsoft, about a potential acquisition. However, the following month, it was announced that Discord had chosen to remain independent and pursue an IPO instead.