Discord reportedly exploring going public through direct listing later this year

Social media platform Discord is reportedly exploring going public through a direct listing as early as this year.

While the company is considering a direct listing, it could also opt for a traditional initial public offering. A deal could also be delayed until 2023, according to Bloomberg.

A representative for Discord declined to comment on the matter, Bloomberg said.

Bloomberg said the platform, which is popular with gamers, was last valued at around $15B and had revenue of over $100M for 2020. The company reportedly raised $500M in September through a funding round led by Dragoneer Investment Group.

Last April, Microsoft was reportedly in talks to acquire Discord for at least $10B, with three other companies also interested in buying the company.

Source : https://seekingalpha.com/news/3813745-discord-reportedly-exploring-going-public-through-direct-listing-later-this-year

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