Investing.com -- Popular social chat app Discord, widely used among the video game community, has been in discussions with investment bankers to possibly prepare for an initial public offering (IPO) within the year, the New York Times (NYSE: NYT ) reported citing sources familiar with the matter.

The potential IPO of Discord, a high-profile tech company, could invigorate other private firms contemplating public listings. Discord’s most recent valuation by private investors in 2021 placed the company around the $15 billion mark.

However, these discussions remain exploratory, and the IPO plans could still change, as the talks are confidential in nature.

In other IPO news, AI cloud provider Coreweave filed its IPO on Monday. The company reported a revenue growth of 737% in 2024, reaching $1.9 billion, despite a loss of $65 million for the year on an adjusted basis.

Discord, founded by Jason Citron and Stan Vishnevskiy, boasts 200 million global monthly active users and 1.5 billion hours of gaming. The gaming-focused chat app for desktop and mobile was first launched in May 2015.

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