Discord’s IPO could happen in March

Wall Street is once again whispering about a possible Discord IPO. Discord, the popular chat and community platform, has filed confidential IPO paperwork with the Securities and Exchange Commission and is pinning its hopes on a March debut, sources told Bloomberg. The company hired top-tier tech IPO bankers Goldman Sachs and JPMorgan Chase as its underwriters. If the tea leaves continue to appear positive for this show, the public may be able to catch a glimpse into Discord’s finances next month.

But we have to wait and see. Even if investors are excited, it’s not yet clear that 2026 will become a better market for IPOs. Discord was reportedly in early talks about an IPO in March of last year. But then came chaos in the US federal government — between DOGE-inspired budget cuts and an end-of-year federal shutdown — that scared off IPO hopefuls.

If the current stock market rally continues and encourages late-stage startups to go public, Discord’s IPO could be one of the largest this year. Discord was last valued at $14.7 billion in a 2021 funding round in which it raised $500 million.

Originally made popular by gamers, the chat app now has more than 200 million monthly active users. The company reportedly withdrew from a $10 billion takeover bid made by Microsoft in 2021 to remain independent.