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Discord’s IPO could happen in March
Discord is reportedly planning an IPO in March 2026 after filing confidential paperwork with the SEC, with Goldman Sachs and JPMorgan Chase as underwriters. Despite a turbulent market, positive trends could make its IPO significant, especially following a $14.7 billion valuation in 2021 and a user base of over 200 million.
Key points
- Discord filed confidential IPO paperwork with the SEC, targeting a March 2026 debut.
- Goldman Sachs and JPMorgan Chase are the chosen underwriters for the IPO.
- Previous market conditions and government events, like budget cuts and shutdowns, stalled earlier IPO plans.
- The company last secured a $14.7 billion valuation in 2021, raising $500 million at that time.
- Discord has over 200 million active monthly users and rebuffed a $10 billion acquisition offer from Microsoft.
Why it matters
- The IPO market has faced challenges in recent years, particularly post-2020 due to economic uncertainties.
- Discord's situation reflects broader trends in IT where tech companies are increasingly seeking public listings amid economic recovery.
- 2025 will see more companies evaluating IPOs with lessons learned from past turbulent markets influencing their approaches.
Discord's prospective IPO in March could mark a significant milestone for tech offerings in 2025, as the market stabilizes and investor confidence builds, particularly following its impressive user growth and significant past valuations.