Discord – the chat app with over 200 million monthly users – is in early stage talks to IPO, the New York Times reports. Discord’s discussions with investment bankers are still exploratory and plans could change, per the NYT’s sources.

Discord understands there is a lot of interest about its future plans, but does not comment on rumors or speculation, a spokesperson told TechCrunch. 

This isn’t the first time Discord mulls over an IPO. 

The San Francisco-based startup walked away from a $10 billion purchase by Microsoft in 2021 as it considered staying independent and going public.

Discord was last valued at $14.7 billion in a 2021 fundraise for $500 million. 

Discord is especially popular in certain communities like video games and crypto, but it has also emerged as an unlikely center for the AI boom, with image generation companies like Midjourney operating on its server.