Discord's confidential S-1 filing in January 2026 has not yet produced a public listing or pricing, leaving secondary-market valuations at roughly $8.5 billion as the clearest near-term anchor for trader consensus. Revenue reached $561 million in 2025 with 29% growth and 200-250 million monthly active users, yet the figure sits well below the $15 billion 2021 peak and the $12 billion Microsoft offer rejected that year, reflecting compressed multiples across growth software amid broader IPO-market caution. With no confirmed timeline and ongoing deliberations over market conditions and regulatory review, the near-even split between the 8-11 billion bucket and the "no IPO by December 2027" outcome captures uncertainty over whether Discord can clear higher valuation thresholds or elects to remain private. Upcoming catalysts include any public S-1 release, advisor updates from Goldman Sachs and J.P. Morgan, and shifts in tech-sector multiples that could reopen a path to listing.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated8–11B 25%
No IPO by December 31, 2027 22.7%
<5B 16%
20B+ 12.1%
$31,502 Vol.
$31,502 Vol.
Dec 31, 2027
<5B
16%
5–8B
11%
8–11B
25%
11–14B
6%
14–17B
3%
17–20B
6%
20B+
12%
No IPO by December 31, 2027
23%
8–11B 25%
No IPO by December 31, 2027 22.7%
<5B 16%
20B+ 12.1%
$31,502 Vol.
$31,502 Vol.
Dec 31, 2027
<5B
$2,353 Vol.
16%
5–8B
$3,457 Vol.
11%
8–11B
$11,493 Vol.
25%
11–14B
$3,273 Vol.
6%
14–17B
$1,587 Vol.
3%
17–20B
$4,183 Vol.
6%
20B+
$1,610 Vol.
12%
No IPO by December 31, 2027
$3,547 Vol.
23%
This market will resolve based on Discord's market capitalization at the closing price on its first day of trading.
If no such IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO by December 31, 2027".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.Discord's confidential S-1 filing in January 2026 has not yet produced a public listing or pricing, leaving secondary-market valuations at roughly $8.5 billion as the clearest near-term anchor for trader consensus. Revenue reached $561 million in 2025 with 29% growth and 200-250 million monthly active users, yet the figure sits well below the $15 billion 2021 peak and the $12 billion Microsoft offer rejected that year, reflecting compressed multiples across growth software amid broader IPO-market caution. With no confirmed timeline and ongoing deliberations over market conditions and regulatory review, the near-even split between the 8-11 billion bucket and the "no IPO by December 2027" outcome captures uncertainty over whether Discord can clear higher valuation thresholds or elects to remain private. Upcoming catalysts include any public S-1 release, advisor updates from Goldman Sachs and J.P. Morgan, and shifts in tech-sector multiples that could reopen a path to listing.
This market will resolve based on Discord's market capitalization at the closing price on its first day of trading.
If no such IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO by December 31, 2027".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
If no such IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO by December 31, 2027".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
Market Opened: Jun 26, 2026, 5:50 PM ET
Volume
$31,502End Date
Dec 31, 2027Market Opened
Jun 26, 2026, 5:50 PM ETResolver
0x69c47De9D...This market will resolve based on Discord's market capitalization at the closing price on its first day of trading.
If no such IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO by December 31, 2027".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.Discord's confidential S-1 filing in January 2026 has not yet produced a public listing or pricing, leaving secondary-market valuations at roughly $8.5 billion as the clearest near-term anchor for trader consensus. Revenue reached $561 million in 2025 with 29% growth and 200-250 million monthly active users, yet the figure sits well below the $15 billion 2021 peak and the $12 billion Microsoft offer rejected that year, reflecting compressed multiples across growth software amid broader IPO-market caution. With no confirmed timeline and ongoing deliberations over market conditions and regulatory review, the near-even split between the 8-11 billion bucket and the "no IPO by December 2027" outcome captures uncertainty over whether Discord can clear higher valuation thresholds or elects to remain private. Upcoming catalysts include any public S-1 release, advisor updates from Goldman Sachs and J.P. Morgan, and shifts in tech-sector multiples that could reopen a path to listing.
This market will resolve based on Discord's market capitalization at the closing price on its first day of trading.
If no such IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO by December 31, 2027".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
If no such IPO occurs by December 31, 2027, 11:59 PM ET, the market will resolve to "No IPO by December 31, 2027".
Market capitalization expresses the monetary value of a company’s outstanding shares, stated in its pricing currency.
It is calculated as the total number of outstanding shares, multiplied by the official closing share price of the publicly traded class on the first trading day.
If necessary, to accurately capture the company’s total market capitalization, rather than a stock-class-specific market capitalization, the calculation will include all outstanding share classes and apply any stated conversion ratios to the publicly traded class. Where no conversion right exists, such shares will be counted at their stated outstanding amount without discount, unless official filings explicitly specify differently.
The number of outstanding shares will be determined from official company filings or disclosures (e.g., SEC filings). The closing share price on the first trading day will be determined from the primary exchange’s official listing page.
If the relevant value falls exactly between two brackets, this market will resolve to the higher range bracket.
The primary resolution source for this market will be official company filings and the primary exchange’s official listing page. The market capitalization will be determined through appropriate calculation using the total outstanding shares and the closing price from the first day of trading.
In the event of an interruption in the normal trading session on the specified company’s first day of trading (e.g., a circuit breaker or half-day), the market will resolve according to the official closing price of the abbreviated session. If no such official closing price is published, the market will resolve according to the next trading day on which an official closing price is published, treating that day as the first day of trading for the purposes of this market.
Volume
$31,502End Date
Dec 31, 2027Market Opened
Jun 26, 2026, 5:50 PM ETResolver
0x69c47De9D...Discord's confidential S-1 filing in January 2026 has not yet produced a public listing or pricing, leaving secondary-market valuations at roughly $8.5 billion as the clearest near-term anchor for trader consensus. Revenue reached $561 million in 2025 with 29% growth and 200-250 million monthly active users, yet the figure sits well below the $15 billion 2021 peak and the $12 billion Microsoft offer rejected that year, reflecting compressed multiples across growth software amid broader IPO-market caution. With no confirmed timeline and ongoing deliberations over market conditions and regulatory review, the near-even split between the 8-11 billion bucket and the "no IPO by December 2027" outcome captures uncertainty over whether Discord can clear higher valuation thresholds or elects to remain private. Upcoming catalysts include any public S-1 release, advisor updates from Goldman Sachs and J.P. Morgan, and shifts in tech-sector multiples that could reopen a path to listing.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated
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Frequently Asked Questions