Discord plans secretive US IPO filing, Bloomberg reports

• Discord filed confidentially for a U.S. IPO, joining a recovering market after nearly three years of weak IPO activity
• The company, founded in 2015, specializes in communication tools targeting gamers and streamers through voice, video, and text platforms
• IPO market recovery in 2025 has been dampened by tariff-driven volatility, prolonged government shutdown, and late-year AI stock selloff

Discord Plans Confidential US IPO Filing

Key Development:

Chat platform Discord has confidentially filed for an initial public offering (IPO) in the United States, according to Bloomberg News sources. The company, founded in 2015, has not publicly disclosed specific details about the offering size, valuation, or timing.

Company Profile:

Discord operates a communications platform offering voice, video, and text chatting capabilities primarily targeted at gamers and streamers. The platform has grown significantly since its launch over a decade ago, establishing itself as a major player in the online community and gaming communication space.

Market Context:

The planned IPO comes as the U.S. IPO market shows signs of recovery in 2025 after nearly three years of sluggish activity. However, market conditions remain challenging, with several headwinds tempering expectations for a robust rebound:

• Tariff-driven market volatility
• A prolonged government shutdown
• Late-year selloff in artificial intelligence stocks

Market Implications:

Discord's confidential filing represents a potential test case for the reviving IPO market. As a well-established technology platform with a dedicated user base in the gaming sector, the company's public debut could provide insights into investor appetite for tech offerings amid current market uncertainties. The confidential filing approach allows Discord flexibility to assess market conditions before proceeding with a formal public offering.

The gaming and communications technology sectors will be watching closely, as Discord's IPO performance could influence other private companies' timing for going public in 2025 and beyond.