Discord’s secondary-market valuation has settled near $8.5 billion as of mid-2026, aligning closely with the leading 8–11B bracket at 24.5% implied probability and reflecting valuation compression from the 2021 $15 billion peak. Revenue reached an estimated $950 million in 2025 and is tracking above $1 billion in 2026, supported by subscription growth and nascent advertising, yet monetization progress remains modest relative to 200 million-plus monthly users. The absence of a public S-1 following the January 2026 confidential filing, combined with SEC review timelines and selective consumer-tech IPO demand, keeps the “no IPO by December 31, 2027” outcome competitive at 21.3%. Traders weigh these fundamentals against potential catalysts such as a late-2026 or 2027 listing window and broader equity-market conditions for social platforms.
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+ 12.1%
$31,763 Vol.
$31,763 Vol.
Dec 31, 2027
<5B
16%
5–8B
11%
8–11B
25%
11–14B
2%
14–17B
3%
17–20B
6%
20B+
12%
No IPO by December 31, 2027
21%
8–11B 25%
No IPO by December 31, 2027 21.3%
<5B 16%
20B+ 12.1%
$31,763 Vol.
$31,763 Vol.
Dec 31, 2027
<5B
$2,353 Vol.
16%
5–8B
$3,457 Vol.
11%
8–11B
$11,493 Vol.
25%
11–14B
$3,323 Vol.
2%
14–17B
$1,587 Vol.
3%
17–20B
$4,183 Vol.
6%
20B+
$1,610 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 valuation has settled near $8.5 billion as of mid-2026, aligning closely with the leading 8–11B bracket at 24.5% implied probability and reflecting valuation compression from the 2021 $15 billion peak. Revenue reached an estimated $950 million in 2025 and is tracking above $1 billion in 2026, supported by subscription growth and nascent advertising, yet monetization progress remains modest relative to 200 million-plus monthly users. The absence of a public S-1 following the January 2026 confidential filing, combined with SEC review timelines and selective consumer-tech IPO demand, keeps the “no IPO by December 31, 2027” outcome competitive at 21.3%. Traders weigh these fundamentals against potential catalysts such as a late-2026 or 2027 listing window and broader equity-market conditions for social platforms.
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
$31,763End 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 valuation has settled near $8.5 billion as of mid-2026, aligning closely with the leading 8–11B bracket at 24.5% implied probability and reflecting valuation compression from the 2021 $15 billion peak. Revenue reached an estimated $950 million in 2025 and is tracking above $1 billion in 2026, supported by subscription growth and nascent advertising, yet monetization progress remains modest relative to 200 million-plus monthly users. The absence of a public S-1 following the January 2026 confidential filing, combined with SEC review timelines and selective consumer-tech IPO demand, keeps the “no IPO by December 31, 2027” outcome competitive at 21.3%. Traders weigh these fundamentals against potential catalysts such as a late-2026 or 2027 listing window and broader equity-market conditions for social platforms.
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
$31,763End Date
Dec 31, 2027Market Opened
Jun 26, 2026, 5:50 PM ETResolver
0x69c47De9D...Discord’s secondary-market valuation has settled near $8.5 billion as of mid-2026, aligning closely with the leading 8–11B bracket at 24.5% implied probability and reflecting valuation compression from the 2021 $15 billion peak. Revenue reached an estimated $950 million in 2025 and is tracking above $1 billion in 2026, supported by subscription growth and nascent advertising, yet monetization progress remains modest relative to 200 million-plus monthly users. The absence of a public S-1 following the January 2026 confidential filing, combined with SEC review timelines and selective consumer-tech IPO demand, keeps the “no IPO by December 31, 2027” outcome competitive at 21.3%. Traders weigh these fundamentals against potential catalysts such as a late-2026 or 2027 listing window and broader equity-market conditions for social platforms.
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