Wall Street is buzzing again about a possible IPO for Discord. The well-known chat and community platform has filed confidential paperwork with the SEC and is eyeing a March debut, according to sources speaking to Bloomberg. To assist with the IPO, the company has brought on renowned tech bankers Goldman Sachs and JPMorgan Chase as its underwriters. If market conditions remain favorable, we might get a glimpse into Discord’s finances next month.
However, it’s still a waiting game. Even if investor appetite is strong, it’s uncertain whether 2026 will be a more favorable year for IPOs. Discord was reportedly exploring an IPO as early as March of last year, but turmoil in the U.S. federal government—thanks to budget cuts influenced by the Department of Government Efficiency (DOGE) and a federal shutdown—dampened the spirits of those looking to go public.
If the current stock market rally persists and encourages late-stage startups to make their public debut, Discord’s IPO could turn out to be one of the year’s most significant. The chat app was last valued at $14.7 billion during a 2021 funding round that raised $500 million.
Initially popular among gamers, Discord now boasts over 200 million monthly active users. The company reportedly turned down a $10 billion acquisition offer from Microsoft in 2021 to maintain its independence.
