Discord Replaces Its Chief Executive as the Company Prepares for a Possible IPO in the U.S.
🕹 Discord Appoints New CEO Ahead of Potential IPO
Humam Sakhnini, former vice president at Activision Blizzard, has been named the new Chief Executive Officer of Discord. Co-founder Jason Citron is stepping down after 13 years at the helm of the company.
In March, the Financial Times reported that Discord had begun preparing for an IPO, holding talks with banks. The company’s last funding round took place in September 2021, when it raised $500 million at a $15 billion valuation.
In its press release, Discord said it is once again focusing on its “gaming roots” while exploring monetization opportunities through advertising and microtransactions.
The company has not disclosed an official reason for the leadership change, but in a recent interview Citron hinted that bringing in Sakhnini was part of its IPO preparations.
📈 With Discord gearing up for a potential public listing, investors now have a unique opportunity to participate in a pre-IPO deal via the Regolith platform.
