Discord, the chat platform that started as a gamer hangout and evolved into something much bigger, is apparently testing the IPO waters. According to Bloomberg, the company has quietly filed confidential paperwork with U.S. regulators for an initial public offering, with Goldman Sachs (GS) and JPMorgan Chase (JPM) lined up as underwriters.

Still Just Exploring Options

Here's the thing about confidential filings: they give companies flexibility. Discord could absolutely decide to pull back and stay private. Sources familiar with the matter told Bloomberg that discussions are ongoing and nothing is set in stone.

When reached for comment, a Discord spokesperson kept things vague, saying the company remains focused on delivering the best experience for its users. They declined to comment on IPO plans specifically, and didn't respond to requests for further details.

Riding The IPO Wave

The timing makes sense. The U.S. tech IPO market came roaring back in 2025, with companies raising $15.6 billion on American exchanges—more than double what they pulled in during 2024. That kind of momentum tends to get companies thinking about public debuts.

Founded in 2015 by Jason Citron and Stanislav Vishnevskiy, Discord has grown into a platform serving over 200 million monthly users. What started as voice chat for gamers now offers free text, voice, and video communication for communities of all kinds.