"Wall Street is once again whispering about a potential Discord IPO. Discord, the popular chat and community platform, filed confidential IPO paperwork with the SEC and has pinned its hopes on a debut in March, sources told Bloomberg. The company hired top-tier tech IPO bankers Goldman Sachs and JPMorgan Chase as its underwriters. Should the tea leaves continue to look positive for this offering, the public could be getting a peek at Discord's finances next month."
"But we'll have to wait and see. Even if investors are gung ho, it's not clear yet that 2026 will become a better market for IPOs. Discord was reportedly in early-stage talks about an IPO back in March of last year. But then came chaos in the U.S. federal government - between the Department of Government Efficiency (DOGE)-inspired budget cuts and the end-of-year federal shutdown - scaring off IPO hopefuls."
"If the current stock market rally continues and encourages late-stage startups to go public, Discord's IPO could be one of the biggest of the year. Discord was last valued at $14.7 billion in a 2021 funding round in which it raised $500 million. The chat app, originally made popular by gamers, now claims more than 200 million active monthly active users. The company reportedly walked away from a $10 billion acquisition offer by Microsoft in 2021 to remain independent."
Discord filed confidential IPO paperwork with the SEC and is targeting a March debut, having hired Goldman Sachs and JPMorgan Chase as underwriters. The company may reveal its financials to the public if the offering proceeds. Market conditions remain uncertain after 2023 government budget cuts and a federal shutdown discouraged IPOs. Discord entered early IPO talks last March but paused amid that chaos. The company was last valued at $14.7 billion in 2021 after a $500 million funding round, claims more than 200 million monthly active users, and reportedly rejected a $10 billion acquisition offer from Microsoft in 2021.
Read at TechCrunch
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