Home Advisor Insights Is Discord ready for the next big step? | at ARTInvest

Is Discord ready for the next big step? | at ARTInvest

by WOOWinvest
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Is Discord ready for the next big step?  |  at ARTInvest

Is not breaking news the fact that recently Discord turned down a $12 billion buyout offer from Microsoft Corp. The Chat startup has become really popular during the Covid-19 outbreak and even without an official announcement, it’s becoming quite clear the intention of opening an IPO.

After the Microsoft turn down, the company has reached a $17 billion valuation, and the company is constantly reaching new customers, with more than 140 million users already. One week ago, Bloomberg reported that Discord was interviewing investment bankers, possibly in order to prepare to go public, indicating that a formal announcement might be closer than expected.

Discord is constantly innovating the way millions of gamers and common users communicate and connect around the world. Two of the most recent advances presented by the company are: The voice-changing system to chat with strangers without exposing your identity; and the news that Discord now works natively on M1 chip Macs, solving most of the issues users have reported.

With more than $100 million in revenue in 2020, Discord finds a place among the top 3 of the best IPOs to keep an eye on. It shares a spotlight with other popular companies such as Spotify Technology SA and Slack Technologies Inc. The Public Offering is expected to occur at the end of this year or until the first months of 2023.

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