Report: Discord in Early Talks to Go Public
[summaraize]
A new report from the Financial Times (paywalled) suggests that Discord may want to go public, with plans to launch an initial public offering (IPO) in the near future. This has already caused some concern among gamers, who are ready to protest the decision.
At the moment, nothing is official, but according to the report, Discord’s administrators have started consulting with banks to potentially carry out the IPO in the United States in the coming months, with plans to become a publicly traded company after that.
Plans for Discord to Go Public in 2021 Delayed by Political and Market Uncertainty
The report also mentions that Discord had planned to go public back in 2021, but these plans were later postponed due to “political and market uncertainty” at the time. This situation could still be a concern for the current period.
In 2021, Discord also had a partnership with Sony, where the Japanese company made a significant investment in Discord, becoming a minority shareholder and integrating some chat system features into PS5. However, this did not lead to any major changes for Sony’s console services, and the integration process has been rather slow.
Additionally, in the same year, Discord rejected a $12 billion acquisition offer from Microsoft, which could have further impacted its future direction. The possibility of Discord becoming a publicly traded company seems to be the next step for the platform, although nothing has been confirmed yet.
The rumors of a potential IPO are likely to stir things up among gamers, who will probably express their displeasure with the idea. A major concern will be that Discord has always prioritized service quality over maximizing profits. However, once listed on the stock exchange, the company might shift its focus to profits at any cost. This could lead to cost-cutting measures or the introduction of ads and other similar solutions.
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