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According to a report from The New York Times, Discord, the popular chat platform, is reportedly considering an initial public offering (IPO). Sources indicate that Discord's leadership has been engaging with investment bankers in recent weeks to prepare for a potential IPO, which could take place as early as this year. The company's last valuation in 2021 pegged its worth at around $15 billion.
In response to these reports, 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 seen a significant rise in popularity, particularly within the gaming community, due to its gaming-friendly features and robust moderation and community tools. The platform has been integrated into PlayStation 5 and Xbox Series consoles, providing an easy and convenient voice chat option while gaming. Additionally, Discord has recently added streaming options. The platform remains free to use, though it offers various monetized options for access to enhanced customizable features.
Despite its success, the news of a potential IPO has sparked concern among users about the long-term impact on Discord's functionality. On the r/Discordapp subreddit, the top comment on the relevant thread 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, a comment on r/technology lamented, "Rip Discord, brought into the cycle of infinite growth at any cost."
The IPO reports align with earlier indications that Discord was considering this move. In 2021, it was reported that Discord was in discussions with at least three companies interested in purchasing it, including Microsoft. However, a month later, it was announced that Discord would remain independent and pursue an IPO instead.
