Telegram Successfully Raises $330M via Bond Offering Last Week with Its IPO in Pipeline
Telegram conducted an oversubscribed bond offering as investors forecast the company’s inevitable profitability from its 900 million monthly active users.
Telegram conducted an oversubscribed bond offering as investors forecast the company’s inevitable profitability from its 900 million monthly active users.
Telegram has achieved a significant milestone by surpassing 900 million monthly active users. Speculation about the launch of an IPO has arisen, fueled by Telegram’s meteoric rise and financial progress.
Although the TON token is not available for spot trading on Binance, the exchange has launched perpetual contracts for Toncoin.
Following the announcement, the TON token, native to The Open Network blockchain, experienced a dramatic surge in value.
Telegram is committed to providing TON with the necessary tools and infrastructure to cater to its 80 million global customers.
Last week’s rally may have been directly linked to a more recent announcement by the TON Foundation.
CEO Durov spent $200,000 to buy Toncoin in order to pre-acquire Telegram Premium subscriptions in a giveaway for 10,000 Telegram users.
The TON Foundation has formed a strategic partnership with MEXC, aiming to advance global Web3 accessibility and reduce entry barriers.
As part of this partnership, Telegram will use the TON as the chosen blockchain for expanding its Web3 infrastructure.
The unveiling of Wallet’s TON Space is a significant step towards realizing the potential of blockchain technology in everyday life.