Chat Platform Discord Filed Confidentially for IPO

Discord filed confidentially for an initial public offering and is reported to be working with Goldman Sachs and JPMorgan; deliberations are ongoing and the company could decide not to proceed.

Discord filed confidentially for an initial public offering, according to people familiar with the matter. The San Francisco-based chat app is reported as working with Goldman Sachs and JPMorgan on the potential listing. The company said it has more than 200 million monthly users and emphasized a focus on user experience and a sustainable business. The people who spoke on the filing said deliberations are ongoing and Discord could decide not to proceed. Key details: - The filing was reported as confidential and described by people who asked not to be identified. - Goldman Sachs Group Inc. and JPMorgan Chase & Co. are reported as working with Discord on the potential listing. - Discord said its focus remains on delivering a strong user experience and building a sustainable business and declined further comment. - The company reported more than 200 million monthly users in December. - Humam Sakhnini joined as chief executive officer in April, while co-founder Jason Citron remains on the board. - The company was valued at about $15 billion in a 2021 funding round, and Bloomberg reported it rejected a $12 billion takeover proposal from Microsoft in 2021. Summary: If pursued, the IPO would join a growing slate of venture-backed tech listings as U.S. tech IPO activity has increased. Tech IPOs on U.S. exchanges raised $15.6 billion last year, more than twice the total in 2024, according to data compiled by Bloomberg. Undetermined at this time.