Discord, the immensely popular chat application used by over 200 million people every month, is reportedly in the initial stages of exploring an Initial Public Offering (IPO), according to a report from The New York Times. While discussions with investment bankers are still in their infancy and subject to change, the possibility of Discord going public has certainly caught the attention of many.
The company is no stranger to IPO rumors, having previously considered going public. Notably, in 2021, Discord declined a substantial $10 billion acquisition offer from Microsoft, opting instead to maintain its independence and evaluate public market options.
As of the last major funding round in 2021, Discord’s value was estimated to be around $14.7 billion, following a hefty $500 million fundraising effort.
While Discord is famously known for its significant presence within the gaming and cryptocurrency sectors, it has also become an unexpected hub for the artificial intelligence movement. Notably, companies specializing in image generation, such as Midjourney, have established operations on Discord’s platform, further expanding its influence and reach across diverse communities.
As these developments unfold, the excitement and curiosity surrounding Discord’s potential IPO continue to grow, drawing interest from various sectors and enthusiasts alike. Whether they choose to go public or not, Discord’s journey will undoubtedly be watched closely by many.
