Discord has reportedly started discussions with financial advisors to take the IPO to the stock market as soon as this year. The plan might be subject to change. Discord’s business valuation increased to $15 billion after receiving funding in 2021.
Founded by Jason Citron and Stanislav Vishnevskiy, the original plan was to develop video games. However, when their first game was successful, the idea for Discord emerged as a better way to communicate while gaming. Launched in 2015, Discord quickly became a popular platform among gamers. There were rumors about Microsoft’s interest in acquiring the business in 2021.
Discord operates on a Freemium business model, allowing free usage with the option to pay for additional features.
A representative from Discord declined to comment on IPO rumors and the future plans of the company.
Source: The New York Times
TLDR: Discord is in talks for an IPO, valued at $15 billion, originally founded for video games, operating on a Freemium model, with Microsoft showing interest in acquiring the business in 2021.
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