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Discord IPO

How to trade on a potential Discord IPO

San Francisco-based digital communications and software company Discord could file for an initial public offering (IPO)​ in the next year or two. Read on to learn more about the business and find out how to get notified of its IPO plans.

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What is the Discord app?

Discord runs an instant messaging platform and app where users can interact by voice, video and text. The platform has an audience of over 150 million monthly active users, according to the company. Its virtual communities, which it calls ‘servers’, number 19 million a week. The platform, which is compatible with Windows, iOS and Android, allows users to sync their data with the likes of YouTube, Spotify and Twitch for screen sharing.

When is Discord’s IPO date?

Discord has not yet filed for an IPO, so a date is yet to be announced. However, it’s possible that the highly anticipated floatation could occur soon. When the time comes, the company might choose to list on the New York Stock Exchange (NYSE), following in the footsteps of Reddit which began trading on the NYSE in March 2024, or on the tech-heavy Nasdaq, which has welcomed IPOs from Arm, Duolingo and Coinbase in recent years.

What will Discord’s share price be?

Discord hasn’t yet outlined a reference price for its shares in the event of an IPO. We expect this information to be released when an IPO date is confirmed.

What is Discord’s valuation?

In September 2021, Discord raised $600m in a funding round, giving it a valuation of $15bn. On 19 October 2023, CNBC reported that Discord was expanding its online marketplace and experimenting with new revenue streams to “justify its $15bn valuation”. The company has received investment from several private equity and venture capital firms, including Fidelity, Benchmark, Greylock Partners, and Franklin Templeton.

How to trade on the upcoming Discord IPO

1. Register your interest

By entering your email into the sign-up box at the top of the page, we’ll notify you when Discord has listed on its chosen exchange.

2. Open an account

Spread bet or trade CFDs on Discord’s competitors while you wait for our derivative to become available.

Open a live account

3. Pick a strategy

Choose whether you want to go long (buy) or go short (sell). Please note that some trading restrictions may apply on initial trading.

4. Use risk-management controls

Choose between our range of execution and order types, such as traditional, trailing, and guaranteed stop-losses, and take-profit orders.

Our execution types

How are Discord’s financials?

As Discord is still a privately held company, there isn’t much publicly available financial information out there. However, according to Forbes, Discord earned $130m in revenue in 2020, up from $45m in 2019, a roughly threefold or 189% year-on-year increase. Discord operates a ‘freemium’ model, which means its core product is free but users can enhance their experience by purchasing in-app features, games, and merchandise.

Why might traders and investors be interested in a Discord IPO?

Interest in the digital gaming industry is at an all-time high. Companies such as video game developer Roblox and mobile gaming company Playtika listed on the US stock market in 2021, and the global gaming industry is expected to have grown at a compound annual growth rate (CAGR) of 12% between 2020-2025, according to Business Wire. This could value the industry at $169.7bn.

in 2021, the Wall Street Journal reported that Microsoft, Amazon and Twitter were in talks to acquire Discord for an estimated $10bn, though in the end Discord remained independent. However, the rumours linking Discord to established tech giants may have helped to lift investor sentiment towards the company.

What challenges does Discord face?

As Discord’s user base has grown, the company has experienced an increase in cyberbullying, harmful content and sexual exploitation, according to reports from, among others, the Daily Beast in 2018 and CNN in 2022. In 2021, Discord acquired Sentropy, an internet moderation company, in an effort to tackle these challenges. However, it’s unclear how much progress has been made, since Discord’s private communities make it difficult to investigate the issues that have been reported.

There are also question marks over the company’s profitability. Given that as a private company Discord is under no obligation to publish its accounts, it’s not clear whether the business is profitable. Traders and investors will be eager to analyse the company’s SEC filings in the event of an IPO to learn more about its earnings and growth potential. 

Trade on Discord’s competitors

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99% of CMC client accounts with open positions on Salesforce expect the price to rise.

Zynga
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98% of CMC client accounts with open positions on Zynga expect the price to rise.

Microsoft
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93% of CMC client accounts with open positions on Microsoft expect the price to rise.

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Client sentiment is provided by CMC Markets for general information only, is historical in nature and is not intended to provide any form of trading or investment advice – it must not form the basis of your trading or investment decisions.

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How can I get notified about Discord’s IPO?

To receive email notifications for Discord’s listing and other upcoming IPOs, enter your email address into the sign-up box on this page. We will notify you when the stock has listed on its chosen platform and is available to spread bet or trade CFDs on via our trading platform.

What other digital companies are planning an IPO?

There are several digital technology companies that could potentially debut on the stock market late 2021 or early 2022. Read in detail about Stripe’s IPO, Databricks’ IPO, and Monzo’s IPO.

Disclaimer: CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although we are not specifically prevented from dealing before providing this material, we do not seek to take advantage of the material prior to its dissemination.

Download our app to trade on IPOs on-the-go

Download our mobile app for iOS or Android to get started. Once the shares are available on our platform, you will be able to spread bet or trade CFDs on our Discord share price.