According to a report by the New York Times, Discord, a chat app with a massive user base of over 200 million monthly users, is currently in the early stages of discussing a potential initial public offering (IPO). The company’s talks with investment bankers are still in the exploratory phase, and its plans are subject to change, as per sources cited by the NYT in the report.

When approached for comment, a Discord spokesperson stated that while the company is aware of the significant interest in its future plans, it does not comment on rumors or speculation, as reported by TechCrunch.

This is not the first instance of Discord considering an IPO.

In 2021, the San Francisco-based startup The last valuation of Discord was at $14.7 billion, which was determined during a $500 million fundraising round in 2021.

Although Discord is particularly popular among certain communities, such as video gamers and crypto enthusiasts, it has also evolved into an unlikely hub for the AI boom, with companies like Midjourney, which specializes in image generation, operating on its servers.