Telegram raises funds, and TON rises
The post Telegram raises funds, and TON rises appeared on BitcoinEthereumNews.com. Today, the Wall Street Journal revealed that Telegram is about to raise 1.5 billion dollars, and the price of TON immediately reacted with a +4% in just a few minutes. Investments in Telegram and the TON Ecosystem The news reported by the Wall Street Journal reveals that Telegram is ready to raise 1.5 billion dollars by issuing bonds. The financing would come from Citadel, along with BlackRock and Mubadala. The bond issuance will be used to repurchase previous debts, and it will have a duration of 5 years with a yield of 9%. In particular, the proceeds from this financing will be used to repurchase bonds previously issued by Telegram, maturing in March 2026, and a portion of which (400 million dollars) have already been repurchased. This time, those who purchase the new bonds will also have the right to convert their debt into shares, at a discounted price, should the company decide to go public in the future. These investments suggest that investors continue to believe in the performance of Telegram. The success of the Telegram app The year 2023 had ended with an overall loss of 173 million dollars. Telegram is a messaging app launched in 2013, and it has remained substantially in loss for about ten years. The fact is that its founder, Pavel Durov, created it together with his brother after selling his previous creation, the Russian social network VKontakte, earning several hundred million dollars. With those funds, he personally financed the creation and launch of Telegram, and the company subsequently issued debt to continue financing itself, as it was operating at a loss. The turning point occurred last year, particularly with the launch of advertising on the channels within the app. In fact, 2024 ended with revenues in strong growth (1.4 billion dollars), and above…
The post Telegram raises funds, and TON rises appeared on BitcoinEthereumNews.com.
Today, the Wall Street Journal revealed that Telegram is about to raise 1.5 billion dollars, and the price of TON immediately reacted with a +4% in just a few minutes. Investments in Telegram and the TON Ecosystem The news reported by the Wall Street Journal reveals that Telegram is ready to raise 1.5 billion dollars by issuing bonds. The financing would come from Citadel, along with BlackRock and Mubadala. The bond issuance will be used to repurchase previous debts, and it will have a duration of 5 years with a yield of 9%. In particular, the proceeds from this financing will be used to repurchase bonds previously issued by Telegram, maturing in March 2026, and a portion of which (400 million dollars) have already been repurchased. This time, those who purchase the new bonds will also have the right to convert their debt into shares, at a discounted price, should the company decide to go public in the future. These investments suggest that investors continue to believe in the performance of Telegram. The success of the Telegram app The year 2023 had ended with an overall loss of 173 million dollars. Telegram is a messaging app launched in 2013, and it has remained substantially in loss for about ten years. The fact is that its founder, Pavel Durov, created it together with his brother after selling his previous creation, the Russian social network VKontakte, earning several hundred million dollars. With those funds, he personally financed the creation and launch of Telegram, and the company subsequently issued debt to continue financing itself, as it was operating at a loss. The turning point occurred last year, particularly with the launch of advertising on the channels within the app. In fact, 2024 ended with revenues in strong growth (1.4 billion dollars), and above…
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