Popular social chat app discord has met with investment bankers in recent weeks, to discuss the preparation of an initial public offer soon this year, two are familiar with the talks.
An IPO of a famous technology company can provide a very important blow to private companies weighing public listing. The market volatility due to an uncertain economy, with strong evaluation for privately organized companies, has a slow start for the IPO market this year.
The discord was last given a price of about $ 15 billion by private investors in 2021.
People, who requested oblivion because the conversation is confidential, warned that the talks were still searching and IPO plans were subject to change.
Other companies are preparing to go publicly despite increasing disturbance in financial markets. Corewave, a provider of cloud computing services for Artificial Intelligence, filed for an IPO This week. Coreweave said in its filing that last year there was a revenue of about $ 1.9 billion and a net loss of $ 863 million.
The discord was founded by Jason Citron and Stanislav Vishnevsky, two technical activists who originally came together to create a video game studio. After releasing their first title, both of them hit the idea for discord, after realizing that they had difficulty communicating with each other while playing the game. He released the first version of the discard on desktop computers and smartphones in May 2015.
Gamers embraced the platform, which allows people to chat inside the app, voice and video calls. More than 200 million people use discords every month, of which 93 percent used the app to play the game.
The company earns money through a “Freemium” model in which people can use apps for free for upgraded features and pay membership fee, such as custom emozis and high-quality voice and video chat. Dysord does not rely on advertising to generate revenue.
In recent years, the discord has tried to expand its appeal, embracing influencers, musicians and other figures, who have created their own discord chat rooms to gather and create online communities for their fans.
Discord is also starting to expand its business. The company made her debut online shop In 2023 where users can pay to increase their profiles and add custom graphics to their digital avatar.
,
#Initial #talks #bankers #potential #IPOs
