Discord Contemplates Going Public with an IPO
According to recent reports from The New York Times, the popular chat service Discord is considering an initial public offering (IPO) and has been engaged in discussions with financial advisors about the possibility. The company, valued at approximately $15 billion in 2021, might launch its IPO as soon as this year.
While Discord has garnered significant attention regarding its future, the company’s spokesperson stated to The New York Times, “We understand there is a lot of interest around Discord’s future plans, but we do not comment on rumors or speculation. Our focus remains on delivering the best possible experience for our users and building a strong, sustainable business.”
Discord has become a favored platform among gamers due to its user-friendly features tailored for gaming, strong moderation capabilities, and community tools which stand out in comparison to similar platforms. It has been integrated into major gaming consoles like PlayStation 5 and Xbox Series, enhancing its accessibility for voice chatting during games. Additionally, recent updates have included streaming features. While the platform is free, Discord also offers paid options that provide more customization.
However, the community has shown concerns about the potential negative impact of an IPO on Discord. The most popular comment on a Discord-related discussion on Reddit states, “Whelp! It’s been fun, but anytime someone decides they want to ‘make a public offering’ then the company *everything* goes to shit. What’s the next communications platform promising to not sell out, like all the others?” Similarly, a comment from a user in the r/technology subreddit reads, “Rip Discord, brought into the cycle of infinite growth at any cost.”
The news of Discord potentially pursuing an IPO isn’t entirely unexpected. In 2021, it was reported that Discord was considering acquisition proposals from at least three companies, including tech giant Microsoft. However, a month after these discussions, it was revealed that Discord chose to remain independent and focus on a potential IPO instead.
The possibility of Discord going public has stirred various reactions among its user base, highlighting concerns about the future direction of the platform post-IPO. As the situation develops, users and investors alike will be watching closely to see how Discord balances its growth ambitions with the community-centric features that have made it a beloved platform.
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