Discord IPO – how to trade Discord shares

Learn about Discord and its upcoming IPO, with its potential price drivers, and how to trade Discord stock via CFDs when it lists.

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When is the Discord IPO date?

As of April 2025, Discord has not officially announced a date for its initial public offering (IPO). However, speculation has grown since early 2024 that the company may go public in 2025, following a series of late-stage funding rounds and interest from investors. Discord is widely expected to list on the Nasdaq Stock Market, although timing may depend on market conditions and internal performance metrics.

Factors that could affect the IPO timeline include:

• Financial outlook: Discord has reportedly surpassed $600m in annual revenue and aims to achieve profitability before listing, which could be a key IPO milestone.
• Investor interest: in private markets, Discord’s valuation reached as high as $15bn, underlining strong investor demand. Tech market conditions: with improved IPO activity expected in 2025, Discord may look to capitalise on favourable sentiment and momentum across the tech sector.
• Tech market conditions: with improved IPO activity expected in 2025, Discord may look to capitalise on favourable sentiment and momentum across the tech sector.

What is Discord?

Discord is a US-based communication platform offering voice, video, and text chat tailored for online communities. Originally launched in 2015 as a tool for gamers, it has evolved into a mainstream hub for creators, hobbyists, educators, and professional groups.

Key milestones in Discord’s history

• 2015Founded by Jason Citron and Stan Vishnevskiy as a voice chat tool for gamers.
• 2020Rebranded as a broader community platform, shifting beyond gaming audiences.
• 2021Rejected a $12bn acquisition offer from Microsoft, signalling a path to IPO.
• 2023Reached over 150 million monthly active users and introduced server monetisation tools.
• 2024Continued global expansion and reportedly crossed $600m in revenue.
• 2025Anticipated IPO with estimated valuation between $10–15bn, with possible Nasdaq Stock Market listing.

Discord’s key features

• Voice & video chatLow-latency communication for communities, gaming, and events.
• Text channels & threadsCustomisable servers with moderation tools and rich messaging.
• Bots and integrationsThird-party tools to automate, entertain, and manage community activity.
• Nitro subscriptionsPaid features including HD video, server boosts, and custom emojis.
• Monetisation toolsServer subscriptions and premium memberships for creators and communities.

Discord remains privately owned and is incorporated in the US, with headquarters in San Francisco. The platform has grown to become one of the most popular real-time communication services in the world.

How does Discord make money?

Discord operates a freemium business model, offering core services for free while monetising through premium features and server-level subscriptions. Unlike ad-driven platforms, it focuses on community-first revenue streams.

Here are the main ways Discord generates income:

While Discord doesn’t currently monetise through ads, its strong user base and subscription-first model have helped it scale revenue significantly.

What might influence the Discord live stock price?

Once public, Discord’s share price will be influenced by a range of factors, from user engagement and revenue growth to broader market trends and competitive positioning. Below are some of the key elements that could shape its performance on the stock market.

Platform growth and user engagement

Discord’s valuation will be closely tied to its ability to maintain and grow its user base. A consistent increase in monthly active users, server participation, and time spent on the platform could reinforce investor confidence in its long-term potential. High engagement levels also support monetisation efforts and reduce churn.

However, if user growth begins to slow, particularly in new non-gaming demographics, or if engagement metrics plateau, the market may question Discord’s ability to expand beyond its core audience. Declines in activity could be seen as early signs of saturation or competitive pressure, both of which may negatively affect the stock price.

Monetisation performance

As a freemium platform, Discord’s financial success hinges on converting free users into paying subscribers. Strong uptake of Nitro plans and server memberships would signal effective monetisation and create predictable, recurring revenue – traits typically rewarded by investors. Additionally, any innovations in premium features or tools for creators could open new revenue channels.

That said, if adoption of paid offerings remains low or if users push back against paywalls or changes to the user experience, revenue growth may fall short of expectations. Markets could interpret this as a limitation in Discord’s ability to scale financially, resulting in downward pressure on the share price.

Tech market trends and IPO appetite

Discord’s IPO performance won’t occur in a vacuum – it will be influenced by broader conditions across the tech sector. A strong macroeconomic environment, low interest rates, and rising investor appetite for growth stocks could all support a successful debut and sustained demand.

Conversely, if the tech market experiences volatility or a string of underperforming IPOs, Discord could be caught in a wider sell-off, even if its individual fundamentals appear sound. As a relatively high-growth but still unprofitable company (at least as of pre-IPO reports), it could be especially sensitive to shifts in market risk appetite.

Competition and platform innovation

Discord has carved out a unique niche, but it operates in a highly competitive landscape that includes Microsoft Teams, Slack, Telegram, and other communication tools. Continued innovation, such as new AI features, better monetisation for creators, or enhanced moderation tools, could help it stay ahead and attract new user segments.

However, if rivals make more aggressive moves, such as bundling similar services with enterprise software or launching improved free alternatives, Discord may struggle to keep pace. This could lead to concerns about market share erosion and limit its long-term growth narrative, dragging on valuation.

Regulation and moderation challenges

As a platform facilitating real-time communication, Discord faces increasing scrutiny over how it moderates harmful content, protects user data, and complies with international regulations. Proactive measures to enhance safety and transparency could boost public trust and make the stock more appealing to institutional investors.

On the other hand, if the platform encounters regulatory violations, data breaches, or high-profile moderation failures, it could face fines, negative media coverage, or even user boycotts. These issues could materially impact operations and erode investor confidence, especially in the early stages of public trading.

Market sentiment and trading activity

Beyond fundamentals, Discord’s share price will likely be influenced by short-term sentiment and market behaviour. Analyst coverage, social media buzz, trading volumes, and investor positioning can all contribute to price swings, particularly in the first few quarters after the IPO. Positive developments such as strategic partnerships, product launches, or better-than-expected earnings could drive rallies.

At the same time, unexpected leadership changes, missed growth targets, or broader market downturns may create volatility or trigger sharp pullbacks.

How to trade Discord stocks via CFDs

If Discord goes public, you may be able to trade its stock using contracts for difference (CFDs). Here's how:

1. Choose a brokerage platform

Pick a trading platform that offers access to Discord shares. Capital.com provides thousands of tradable instruments, including tech IPOs, via CFDs.

2. Set up a trading account

Create and verify your account with the broker by providing relevant ID and financial information.

3. Deposit funds

Add money to your trading account using your preferred payment method. Only deposit what you’re willing to trade.

4. Track performance

Once listed, monitor Discord’s share price using live data. Keep up to date with earnings reports and company news.

5. Place a trade

Choose your trading strategy and place a buy or sell order. Use stop-loss and take-profit tools to manage risk effectively.

Learn more about contracts for difference in our CFD trading guide.

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Which other tech stocks can I trade?

While Discord remains privately held as of early 2025, traders can get exposure to other popular tech and communication platforms via CFDs on the following companies:

• Meta Platforms (META) – owner of Facebook, Instagram, and WhatsApp, focusing on social media, VR, and AI.
• Slack (owned by Salesforce) – workplace communication app used by businesses worldwide.
• Microsoft (MSFT) – offers Microsoft Teams, GitHub, and Azure. A major player in enterprise collaboration.
• Zoom (ZM) – popular video conferencing platform for business and education.
• Snap (SNAP) – social messaging platform with AR features, targeting younger audiences.
• Spotify (SPOT) – audio streaming giant offering music, podcasts, and social listening features.

Learn more about shares and stock markets in our comprehensive shares trading guide.

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