Discord secretly submits IPO application. Why did this gaming social platform choose to go public?

Bloomberg latest reports indicate that the chat platform Discord has secretly filed for an IPO. According to informed sources, discussions are still ongoing, and the company may ultimately decide not to go public. Since the information has not been publicly disclosed, these sources requested anonymity. This news suggests that Discord may soon enter a new phase in the capital markets.

Discord’s Business Foundation

Founded in 2015, Discord was initially designed for gamers but has evolved into a versatile chat platform. Its business model is relatively clear:

• The basic platform is free to use, allowing users to create and join various servers
• Paid Nitro subscriptions offer advanced streaming and customization features
• Users are widely active in fields such as gaming, investing, and community radio

This free-plus-paid model has proven sustainable, providing the company with a stable revenue base.

Strategic Considerations Behind the IPO

Funding Needs and Growth Drivers

Discord’s decision to file for an IPO at this time reflects several key considerations. First, going public can provide the company with ample capital to support product development, international expansion, and new feature R&D. Second, an IPO can enhance valuation transparency, offering investors and users a clearer understanding of the company’s value.

New Opportunities in the Web3 Ecosystem

From related news, it is evident that Discord has become an important community tool for Web3 projects. Whether it’s cryptocurrency projects, AI initiatives, or NFT communities, Discord is an essential community platform. This means Discord has become a critical infrastructure connecting the traditional internet and Web3, further strengthening its value proposition for going public.

Uncertainty Factors

It is worth noting that the news explicitly states “discussions are still ongoing,” and “the company may ultimately decide not to go public.” This implies:

• The IPO is not a confirmed decision and remains uncertain
• Discord may change its decision after evaluating market conditions, valuation levels, and other factors
• The information comes from anonymous sources, and its authenticity needs further verification

Possible Market Reactions

If Discord ultimately confirms its IPO plans, the market may focus on several aspects:

• The company’s actual user numbers, monthly active users, and other core metrics
• Revenue contribution and growth rate of Nitro subscriptions
• Penetration in international markets
• Plans for deep integration with the Web3 ecosystem

Summary

Discord’s secret IPO application reflects the platform’s confidence in its growth, as well as ongoing market interest in social communication tools. However, current information is still in the early stages, and whether, when, and at what valuation it will go public remains uncertain. For users and investors following Discord’s development, official announcements will be the most important reference. Until then, market rumors can be considered as reference but should not be over-interpreted.