Discord, the communication application that serves a global community exceeding 200 million monthly active users, has quietly initiated the process of going public by confidentially filing paperwork for an initial public offering in the United States. This move involves well-established financial institutions Goldman Sachs and JPMorgan Chase, who have been engaged to underwrite the potential transaction.
According to multiple individuals familiar with the matter, the widely recognized platform—which is particularly popular among gaming communities—has submitted confidential filings to U.S. regulators as part of its preliminary steps toward an IPO. While this protocol is standard to maintain discretion during the early stages of an offering, it indicates that Discord is preparing for a public listing but has not yet finalized a definitive timeline or commitment.
Sources reveal that internal deliberations around the IPO are ongoing, and the company retains the option to modify or even forego the plan to become publicly listed. This reflects a cautious approach aligned with market conditions and strategic considerations.
In response to inquiries, a spokesperson representing Discord emphasized the company’s current priority on enhancing user experience and declined to comment directly on the confidential offer filing. Attempts to obtain additional statements have not been fruitful as of this report's publication.
The decision to pursue an IPO aligns with a notable uptick in the U.S. technology market’s public offerings in 2025. Data compiled by financial publications indicate that tech companies listed on U.S. exchanges have raised approximately $15.6 billion thus far this year, more than doubling the comparable figure from 2024. This trend suggests improving conditions for technology firms considering public capital raising.
Founded in 2015 by Jason Citron and Stanislav Vishnevskiy, Discord has steadily grown into a comprehensive communication tool, offering its user base free access to text, voice, and video communication features, thereby building a robust platform that engages millions monthly.
Industry analysis and stock rankings, such as those provided by Benzinga Edge, highlight Goldman Sachs' strong performance outlook across varying time frames, consolidating its role as a leading underwriter for technology IPOs and reinforcing confidence in its partnership with Discord on this potential deal.
Key Points:
- Discord, a social chat application with over 200 million monthly users, has confidentially filed for a U.S. IPO.
- Goldman Sachs and JPMorgan Chase have been selected as the primary underwriters for the offering.
- The company has not committed definitively to proceeding with the IPO; internal discussions are still in progress.
- The filing coincides with a marked revival in U.S. tech IPO activity, with 2025 volumes exceeding those of 2024 by more than double.
Risks and Uncertainties:
- The confidential nature of the IPO filing signals potential volatility in the timetable or execution of the public offering.
- Discord’s decision to move forward remains unsettled; there is a possibility the company may opt against going public.
- No explicit financial details have been disclosed, limiting visibility into valuation or fundraising objectives.
- The company’s current emphasis on user experience suggests IPO plans could be deprioritized or adjusted in response to operational demands or market conditions.
Disclosure: The article is based on company filings and publicly available data. There are no additional disclosures from Discord regarding the IPO process, nor financial advisory comments beyond market data and analysis.