Discord’s March IPO Gambit: Can It Weather the Storm?

Discord’s IPO countdown begins as March 2025 looms—but will investors bite after last year’s market jitters?

The company filed confidential IPO paperwork with the SEC and aims for a March 2025 public market debut, according to Bloomberg. Goldman Sachs and JPMorgan Chase are underwriting the offering.

Discord previously rejected a $10 billion acquisition offer from Microsoft in 2021 and is valued at $14.7 billion as of a 2021 funding round. The platform now claims over 200 million monthly active users.

Earlier IPO discussions in March 2024 were delayed by concerns over U.S. government shutdown risks and federal budget instability. The current valuation—nearly unchanged from 2021—raises questions about investor appetite in a market still sensitive to macroeconomic shifts.