Wall Street is once again murmuring the possibility of a Discord IPO. Popular chat and community platform Discord has filed confidential IPO documents with the SEC and is hopeful for a March debut, people familiar with the matter told Bloomberg. The company hired leading high-tech IPO banks Goldman Sachs and JPMorgan Chase as underwriters. If the tea leaves continue to be positive about the product, the public could get a peek into Discord's financials next month.
But we'll have to wait and see. Even if investors are enthusiastic, it's not yet clear whether 2026 will be a better market for an IPO. Discord was reportedly in early negotiations for an IPO in March of last year. But then, confusion in the U.S. federal government between Department of Government Efficiency (DOGE)-led budget cuts and the federal government shutdown at the end of the year scared off IPO hopefuls.
If the current stock market rally continues and encourages more late-stage startups to go public, Discord's IPO could be one of the biggest IPOs of the year. Discord was last valued at $14.7 billion in a 2021 funding round that raised $500 million.
The chat app was originally popular among gamers and now has over 200 million monthly active users. The company reportedly rejected a $10 billion acquisition offer from Microsoft in 2021 in order to maintain its independence.