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Report: Discord is preparing to go public
Communication platform Discord is reportedly taking significant steps towards a public offering, as indicated by a recent Bloomberg report. The company is considering launching its initial public offering (IPO) as early as this year, although, as with any financial undertaking, these plans remain fluid and subject to change.
Strategic Partnerships
To navigate this complex process, Discord has enlisted the expertise of financial heavyweights Goldman Sachs and JP Morgan Chase. These partnerships are expected to provide the necessary guidance and support as Discord charts its course towards the public markets.
A History of Uncertainty
The journey to this point has been anything but straightforward for Discord. In 2021, the company found itself at the center of acquisition talks, with major players like Microsoft expressing interest in acquiring the popular communication app. That same year, Discord aimed for a staggering billion valuation during a fundraising round, highlighting its significant market presence and potential.
Shifting Strategies
In 2022, speculation surrounding Discord’s public offering resurfaced, with indications that the company might pursue a direct listing instead of a traditional IPO. This approach would allow Discord to enter the public market without the typical underwriting process associated with an IPO.
CEO’s Vision
Last year, CEO Jason Citron hinted at the company’s future direction, stating that Discord would “probably go public” at some point. His comments reflect a growing confidence in the platform’s trajectory and its readiness to embrace the opportunities that come with being a publicly traded entity.