Discord, the popular chat platform with over 200 million monthly users, is now reportedly exploring the possibility of going public through an initial public offering (IPO).
Discussions with investment bankers are still in the early stages, and the plans may evolve as the company assesses its options.
A spokesperson for Discord acknowledged the interest surrounding its potential IPO but refrained from commenting on any rumors or speculation.
This consideration for an IPO is not new; in 2021, Discord opted against a $10 billion acquisition offer from Microsoft, choosing instead to remain independent and explore public listing opportunities.
The company was last valued at $14.7 billion during a fundraising round in 2021, where it raised $500 million.
Discord has carved out a niche for itself, particularly among gaming and cryptocurrency communities, but it has also become a hub for artificial intelligence developments, hosting platforms like Midjourney that focus on image generation.
As Discord continues to grow and adapt, the prospect of an IPO could provide it with additional capital to expand its services and infrastructure.
The potential move to go public reflects the ongoing interest in tech companies that have thrived in the digital communication space, especially during the rise of remote interactions and online communities.
While specific details about the IPO timeline or structure remain unclear, Discord’s exploration of this avenue indicates its commitment to long-term growth and sustainability as a leading platform in the tech landscape.
The company’s next steps will likely be closely watched by investors and market analysts alike, as it navigates the complexities of entering the public market.
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