Discord is planning an IPO this year, and big changes could be on the horizon
As previously rumored, Discord, a popular communications platform, is working with Goldman Sachs and JP Morgan Chase to plan an IPO as soon as this year, according to a recent report by Bloomberg. The report cites people familiar with the matter and notes that more advisors may come on board as the talks progress.
This isn't the first we've heard about plans for an IPO; an article in The New York Times claimed that Discord had begun exploratory meetings with bankers earlier this month. Even way back in 2022, Discord was exploring the option of a direct listing, but it now seems the company plans to go with a traditional IPO.
Launched in 2015, Discord was initially conceived as an improved way to facilitate communication while playing video games—and gaming-related uses still account for more than 90 percent of its activity. While some previous tools focused mainly on in-game voice chat, Discord supports text, voice, and video, as well as game streaming. It also has robust features for managing communities outside the game and has developer APIs for developing bots, tools, and games that can be used within its channels.