Discord's secondary-market indications near $8.5 billion, down sharply from the 2021 $15 billion peak, anchor trader sentiment around an 8–11 billion closing market cap as the narrow leader at 24.5 percent. The confidential January 2026 SEC filing and engagement of Goldman Sachs and JPMorgan signal intent, yet the absence of a public S-1 and missed early-2026 target have shifted the base case toward a 2027 or later debut, elevating the 21.3 percent probability of no IPO by December 31, 2027. With roughly $600–725 million in annual recurring revenue, over 200 million monthly active users, and improving adjusted EBITDA, the platform's monetization trajectory via Nitro subscriptions and advertising supports modest valuation multiples amid broader consumer-tech multiple compression. Competitive positioning against larger social platforms and sensitivity to IPO-window conditions create the closely contested outcome distribution, with revenue growth and equity-market sentiment serving as key swing factors ahead of any public filing.
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 21.3%
<5B 16%
20B+ 12.0%
$31,922 Vol.
$31,922 Vol.
Dec 31, 2027
<5B
16%
5–8B
11%
8–11B
25%
11–14B
6%
14–17B
3%
17–20B
7%
20B+
12%
No IPO by December 31, 2027
21%
8–11B 25%
No IPO by December 31, 2027 21.3%
<5B 16%
20B+ 12.0%
$31,922 Vol.
$31,922 Vol.
Dec 31, 2027
<5B
$2,353 Vol.
16%
5–8B
$3,457 Vol.
11%
8–11B
$11,493 Vol.
25%
11–14B
$3,382 Vol.
6%
14–17B
$1,587 Vol.
3%
17–20B
$4,233 Vol.
7%
20B+
$1,660 Vol.
12%
No IPO by December 31, 2027
$3,758 Vol.
21%
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 secondary-market indications near $8.5 billion, down sharply from the 2021 $15 billion peak, anchor trader sentiment around an 8–11 billion closing market cap as the narrow leader at 24.5 percent. The confidential January 2026 SEC filing and engagement of Goldman Sachs and JPMorgan signal intent, yet the absence of a public S-1 and missed early-2026 target have shifted the base case toward a 2027 or later debut, elevating the 21.3 percent probability of no IPO by December 31, 2027. With roughly $600–725 million in annual recurring revenue, over 200 million monthly active users, and improving adjusted EBITDA, the platform's monetization trajectory via Nitro subscriptions and advertising supports modest valuation multiples amid broader consumer-tech multiple compression. Competitive positioning against larger social platforms and sensitivity to IPO-window conditions create the closely contested outcome distribution, with revenue growth and equity-market sentiment serving as key swing factors ahead of any public filing.
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
$31,922End 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 secondary-market indications near $8.5 billion, down sharply from the 2021 $15 billion peak, anchor trader sentiment around an 8–11 billion closing market cap as the narrow leader at 24.5 percent. The confidential January 2026 SEC filing and engagement of Goldman Sachs and JPMorgan signal intent, yet the absence of a public S-1 and missed early-2026 target have shifted the base case toward a 2027 or later debut, elevating the 21.3 percent probability of no IPO by December 31, 2027. With roughly $600–725 million in annual recurring revenue, over 200 million monthly active users, and improving adjusted EBITDA, the platform's monetization trajectory via Nitro subscriptions and advertising supports modest valuation multiples amid broader consumer-tech multiple compression. Competitive positioning against larger social platforms and sensitivity to IPO-window conditions create the closely contested outcome distribution, with revenue growth and equity-market sentiment serving as key swing factors ahead of any public filing.
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
$31,922End Date
Dec 31, 2027Market Opened
Jun 26, 2026, 5:50 PM ETResolver
0x69c47De9D...Discord's secondary-market indications near $8.5 billion, down sharply from the 2021 $15 billion peak, anchor trader sentiment around an 8–11 billion closing market cap as the narrow leader at 24.5 percent. The confidential January 2026 SEC filing and engagement of Goldman Sachs and JPMorgan signal intent, yet the absence of a public S-1 and missed early-2026 target have shifted the base case toward a 2027 or later debut, elevating the 21.3 percent probability of no IPO by December 31, 2027. With roughly $600–725 million in annual recurring revenue, over 200 million monthly active users, and improving adjusted EBITDA, the platform's monetization trajectory via Nitro subscriptions and advertising supports modest valuation multiples amid broader consumer-tech multiple compression. Competitive positioning against larger social platforms and sensitivity to IPO-window conditions create the closely contested outcome distribution, with revenue growth and equity-market sentiment serving as key swing factors ahead of any public filing.
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