Discord IPO: what to know and how to buy shares
Messaging app Discord could list before the end of 2025. Read all about its upcoming initial public offering (IPO) below.
What Is Discord's business model?
Discord started in 2015 when founder Jason Citron wanted to solve communication problems he faced while gaming. Though not initially targeting gamers, Discord quickly gained popularity in gaming communities, especially among esports players, Twitch streamers, and Xbox Live users. Its success came from offering low-latency chat and an intuitive interface.
Today, Discord uses a freemium business model. The platform is free to use, but generates revenue through:
- Nitro premium memberships
- Server boosting features
- Sticker and emoji sales
- Corporate integrations
- Developer partnerships
- Gaming and creator collaborations
When will the Discord IPO happen?
No official IPO date has been announced, although analysts speculate Discord's IPO could happen before the end of 2025.
Discord is the communication platform embraced by gamers, communities and businesses worldwide that’s been on investors' radar for years. Since its founding in 2015, the company has raised billions through venture capital funding. CEO Jason Citron aims to expand services and improve user experience before going public.
The timing aligns with Discord's growth trajectory. As of February 2025, Discord has over 150 million monthly active users across diverse communities, from education to NFT trading.
What will the Discord IPO be valued at?
Financial analysts estimated Discord's IPO valuation at US$15 billion in October 2023, according to CNBC. The estimate was based on the company's September 2021 private funding round, led by Greenoaks Capital and Index Ventures.
Their financial outlook has shifted since then. In May 2023, Fidelity cut its Discord holdings to US$1.7 million - a 50% drop from its initial US$3.3 million investment.
The final IPO valuation will ultimately depend on several factors:
- Discord's financial performance until listing
- Market conditions at time of the IPO
- Investor demand
- Growth in revenue streams from corporate and educational sectors
If Discord achieves a US$20 billion valuation and offers 200 million shares, the price potentially could start at US$100 per share.
How to buy Discord IPO shares
Step 1: learn how IPOs work
An IPO involves several steps before shares become available for trading: the public announcement, financial auditing, and regulatory approvals. Understanding this process helps you make informed investment decisions.
Learn more about how the IPO process works.
Step 2: stay informed about the Discord IPO
Keep track of Discord's IPO developments through our news and trade ideas. Our in-house experts provide regular updates on valuation expectations, potential listing dates, and market sentiment.
Step 3: understand how CFD trading work
With us, you can trade Discord's share price after the IPO using CFDs. This means you can:
- Trade on margin – open positions with a small deposit rather than the full share value.
- Go long or short – profit from share prices rising or falling.
- Use leverage – which means both profits and losses are magnified, as they're based on the full position size, not just your deposit.
Step 4: create your trading plan
Decide in advance when you'll enter and exit trades, how much capital you'll risk, and how you'll protect your positions. Use tools like stop-losses to manage your risk and set clear profit targets.
Learn more about trade planning and risk management in the IG Academy.
Step 5: start trading Discord shares
You can start trading with us once Discord is listed on our platform. Take a position on your IG CFD trading account.
Trading opportunities similar to Discord
Communication tech stocks
Trade shares in sector competitors like Microsoft (Teams) and Salesforce (Slack).
Gaming stocks
Consider companies like Electronic Arts that operate in Discord's core gaming market.
Key points to remember
- Discord offers a freemium business model with revenue from premium subscriptions, server boosting, and partnerships.
- Analysts expect the IPO to happen around early 2025.
- IPO valuation estimates range from US$15 billion to US$20 billion, with potential share price around US$100.
- You can start trading Discord with us once it’s listed on our platform.
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