Telegram, the popular messaging platform, has raised $330 million through bond sales. The offering garnered significant interest, with oversubscription, and the bond terms were notably favorable for Telegram.
Pavel Durov, founder and CEO of Telegram, expressed satisfaction with the outcome, highlighting the increased demand for Telegram’s bonds as indicative of the global financial institutions’ recognition of the platform’s growth in audience and monetization capabilities.
In a recent interview with the Financial Times, Pavel Durov revealed the company’s aspirations, stating their goal of achieving profitability in the coming year as they inch closer to a potential stock market listing.
Pavel Durov emphasized that the bond sale serves to fortify Telegram’s position as an independent platform capable of challenging the industry’s major players like WhatsApp.
The bond issuance underscores investor confidence in Telegram’s trajectory and business strategy, setting the stage for potential expansion and further developments in the competitive messaging app business.
Telegram has 900 million users. The number of customers at Telegram is expected to reach 1 billion at the end of 2024, according to Financial Times.
