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Discord Inc., the widely used social communications platform, is preparing to go public and has enlisted the services of Goldman Sachs Group Inc (NYSE:GS). and JPMorgan Chase & Co. (NYSE:JPM) for its initial public offering (IPO), according to Bloomberg, citing sources close to the matter. The company, favored by video-game enthusiasts and programmers, is eyeing a potential stock market debut as early as this year, although these plans are subject to change.
The sources, who preferred to remain anonymous due to the private nature of the discussions, also indicated that Discord might bring in additional advisors as it refines its IPO strategy. As of now, representatives for Discord, Goldman Sachs, and JPMorgan have chosen not to comment on the matter.
Discord, established in 2015 and headquartered in San Francisco, started as a platform for gamers to communicate via voice and text chat. Its user base expanded significantly during the COVID-19 pandemic. In 2021, Discord turned down a $12 billion acquisition offer from Microsoft Corp (NASDAQ:MSFT)., according to individuals familiar with the situation at that time.
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