Wall Street is once again discussing a potential initial public offering for Discord. The popular chat and community platform has confidentially filed IPO paperwork with the Securities and Exchange Commission and is reportedly targeting a debut in March, according to sources. Discord has enlisted top investment banks Goldman Sachs and JPMorgan Chase to lead the underwriting for the offering.
If market conditions remain favorable, the public could get its first look at Discord’s financial details as soon as next month. However, the outcome is still uncertain. It is not yet clear whether 2026 will develop into a stronger environment for new public listings.
Discord was previously in early talks about an IPO back in March of last year. Those plans were disrupted by turmoil in the U.S. federal government, including significant budget cuts and an end-of-year federal shutdown, which collectively discouraged many companies from pursuing public offerings.
Should the current stock market rally persist and inspire more late-stage startups to go public, Discord’s IPO could rank among the largest of the year. The company was last privately valued at $14.7 billion following a 2021 funding round where it raised $500 million.
Originally favored by gamers, the Discord app now boasts over 200 million monthly active users. The company notably chose to remain independent in 2021, walking away from a reported $10 billion acquisition offer from Microsoft.