The chat platform Discord has confidentially filed for an initial public offering (IPO) in the United States, according to sources familiar with the matter. The company was founded in 2015 and provides voice, video, and text chatting services with a focus on gaming and streaming communities.
By listing on the stock exchange it means that the public will be able to buy and sell shares in the company, essentially becoming a part owner of the business. The news of the upcoming IPO was first reported by Bloomberg.
As of December 2025, the platform has more than 200 million monthly active users. As a public company, we could probably see it attempt to monetize these users more aggressively and expand its user numbers. While great for share holders, the user experience can also take a knock.
The US IPO market has seen more momentum in 2025 following sluggish activity in the three years prior. While it is certainly looking more likely that Discord will IPO, it is still undertaking deliberations right now and it could ultimately decide not to go ahead with the move.
The main benefit of going public is that it allows the company to sell its shares and raise a significant amount of capital for further expansion and development. It also positions Discord among other major publicly traded tech and social media companies.
While sources in the know have reported on this development, the company itself has not discussed the matter. We will just have to see whether the company makes any statement after finishing deliberations.
If you are thinking about investing in Discord once it becomes public, be aware that investing in the first few days can be very risky as price movement is largely driven by hype and can come crashing back down to Earth.
Let us know in the comments, are you excited for Discord potentially IPOing, or do you think the experience will be ruined due to monetization efforts?