Discord Explores Exciting IPO Opportunities: What Investors Need to Know
Discord, the popular chat application boasting over 200 million monthly users, is reportedly in the early stages of discussions regarding an initial public offering (IPO). According to The New York Times, these conversations with investment bankers are still in the exploratory phase, and plans may evolve over time.
Discord’s IPO Speculations
A spokesperson for Discord mentioned to TechCrunch that while there is considerable interest in their potential IPO, the company does not comment on rumors or speculation. This is not the first instance of Discord contemplating an IPO.
Previous Considerations of Going Public
- In 2021, Discord turned down a lucrative $10 billion acquisition offer from Microsoft, choosing instead to maintain its independence.
- The company was last valued at $14.7 billion following a fundraising round where it secured $500 million.
Discord’s Popularity and Community Impact
Discord has carved out a niche for itself, especially among communities centered around video gaming and cryptocurrency. Additionally, it has become an unexpected hub for the burgeoning AI industry, with notable companies like Midjourney utilizing its platform for image generation.
Conclusion
As Discord continues to explore its options for an IPO, industry watchers will be eager to see how this will affect its user base and community engagement. Stay tuned for further updates on this developing story.
