Hacker News Reader

It's very common for tech companies to go public without being profitable. As long as their growth is good and they have a reasonable story for how they will achieve profitability, then it typically makes sense. Of course every company is different and not all will reach their profitability goals post-IPO, but in many cases, it wouldn't make sense to wait for profitability before going public.

Also reasons they need to go public. Growth is costly.

Discord has a fairly successful subscription product that is generating tens of millions in revenue. They most certainly have made more than 0 dollars. Profitable? Less likely.

Yeah I meant zero profit, poor wording on my part.

Discord has the user growth to make up for it. It’s practically a household name on the level of Google now. I see many people boosting servers too, so clearly they are making a bunch of money.

The IPO is how (the shareholders) make money, by selling to bagholders.