News · IPOCalendar
Discord is preparing a 2026 IPO filing, according to people familiar
The voice and text chat company has reportedly held discussions with banks about a New York listing as soon as the third quarter.
Discord, the voice- and text-chat platform best known among gaming communities, has held early conversations with investment banks about a potential IPO in 2026, according to people familiar with the discussions.
The talks are preliminary and the company has not selected a lead-left bookrunner. Discord declined to comment.
Context
Discord was last valued at roughly $15 billion in a 2021 round and has spent the intervening period broadening its product beyond gaming. A successful listing would make it the second large social IPO since Reddit priced in March 2024.
Why it matters
A Discord IPO would test whether public investors are ready to underwrite consumer-network businesses again after a long quiet period. Rumored peers in the cohort include Canva, which has been on the IPO watchlist since 2021. See more pre-IPO consumer companies.
Related guide: The IPO process, step by step
Sources
- The Information (primary)