Discord, the popular social chat app favored by gamers, is reportedly in early discussions with investment bankers about a potential initial public offering in 2025.
What Happened: The company, last valued at approximately $15 billion in 2021, has met with financial advisors in recent weeks to explore the possibility of going public, reported the New York Times, citing two people familiar with the matter.
A spokesperson for Discord declined to confirm the reports, stating, "We understand there is a lot of interest around Discord's future plans, but we do not comment on rumors or speculation. Our focus remains on delivering the best possible experience for our users and building a strong, sustainable business."
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Why It Matters: Founded in 2015 by Jason Citron and Stanislav Vishnevskiy, Discord has grown into a platform with over 200 million monthly users, offering free text, voice, and video communication.
The company generates revenue through a "freemium" model, selling subscriptions for premium features rather than relying on advertising.
Photo Courtesy: Shutterstock.com
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