Discord Explores IPO: Reports

According to a report by 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 to prepare for a potential IPO that might occur as soon as this year. The company's last valuation in 2021 pegged its worth at around $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 gained significant traction, particularly within the gaming community, thanks to its user-friendly features and robust moderation tools. The platform's integration into PlayStation 5 and Xbox Series consoles as a convenient voice chat option, along with recent streaming features, has further boosted its appeal. While Discord is free to use, it offers monetized options that provide access to enhanced customizable features.

However, the prospect of an IPO has sparked concerns among users about the platform's long-term functionality. On the r/Discordapp subreddit, the most up-voted comment expressed skepticism, 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, on r/technology, a comment lamented, "Rip Discord, brought into the cycle of infinite growth at any cost."

The possibility of an IPO isn't entirely unexpected. In 2021, it was reported that Discord was in discussions with at least three companies, including Microsoft, about a potential acquisition. However, the company later decided to remain independent and pursue an IPO route.