Telegram raises $330m through bond sales, oversubscribed and favorable terms.
Popular messaging platform Telegram raised $330 million through bond sales last week, according to its founder and CEO, Pavel Durov. The offering was oversubscribed and the terms of the bond were favorable for the company. Durov stated that the increased demand for the bonds demonstrates that global financial institutions value Telegram's growth in audience and monetization. The company aims to be profitable next year and is exploring options for going public.
March 18, 2024
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