Discord, the popular social chat app with the video game community, has met investment bankers in recent weeks to discuss preparations for an initial public offer as soon as this year, two people have said who are familiar with interviews.
A hypo of a famous technological society could provide a shock so necessary for private companies that weigh public lists. The volatility of the market caused by an uncertain economy, together with strong evaluations for private companies, has led to a slow start for the IPO market this year.
Discord was the last time by private investors in 2021 to about $ 15 billion.
People, who required anonymity because the conversations are confidential, warned that the interviews were still exploratory and that the IPO plans remained subject to changes.
A spokesman for Discord said on Wednesday: “We understand that there is a lot of interest in the future plans of Discord, but we do not comment on voices or speculations. Our goal remains on the supply of the best possible experience for our users and the construction of a strong and sustainable company. “
Other companies are preparing to become public despite the growing turbulence in the financial markets. Coreweave, a cloud computing service provider for artificial intelligence, presented an IPO this week. Coreweave declared in his deposit that he had around $ 1.9 billion last year and a net loss of $ 863 million.
Discord was founded by Jason Citron and Stanislav Vishnevskiy, two technological workers who initially joined to build a video game study. After issuing their first title, the two hit Discord’s idea after realizing that they had difficulty communicating together online while playing. They released the first version of Discord on desktop computer and smartphone in May 2015.
The players embraced the platform, which allows people to chat on text, vowels and video calls inside the app for free. Discord also saw a boom in use during the first days of the pandemic. The company held acquisition interviews with Microsoft in 2021 for $ 10 billion reported, although no agreement has ended.
More than 200 million people use Discord every month, with 93 percent of them using the app to play.
The company earns through a “freemium” model in which people can use apps for free subscription costs and pay for updated features, such as personalized emojis and vocal chat and superior quality video. Discord is not based on traditional advertising to generate revenue.
In recent years, Discord has tried to expand his charm, embracing influencers, musicians and other figures who have created their chat Room Discord for their fans to collect and form online community.
Discord is also starting to expand his business. The company debuted an online store in 2023 in which users can pay to improve their profiles and add personalized graphics to their digital avatar.