Telegram Co-Founder Durov Says Company Close to Being Profitable, IPO on the Horizon
Messaging app Telegram is contemplating an preliminary public providing (IPO) after years of specializing in consumer privateness and resisting investor stress.
Telegram, recognized for its massive group chats and encryption options, boasts 900 million customers. Durov, who now solely owns the corporate, sees an IPO as a method to “democratize entry to Telegram’s worth.” This comes regardless of investor curiosity with valuations exceeding $30 billion.
Following the information of the doable IPO, TON has surged to $3.57, gaining over 28% up to now 24 hours. The announcement of revenue-sharing for channel house owners has additionally contributed to a month-to-month achieve of over 70%, propelling TON to the thirteenth most useful cryptocurrency.
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