Telegram Messenger in the next two years is going to conduct a primary placement of shares on the stock exchange (IPO), the region is currently being searched. This is reported with reference to several sources report “Vedomosti”.
According to one of them, while Telegram owners are more configured to the IPO format. But the other specifies that options for direct listing, as the fastest and simple way to find money, or exit to the stock exchange through the SPAC company (a special technical company, which is later merged with the main), is also not excluded.
Consulting Partner of the Consulting Company VDI Group Peter Pravalin noted that the placement in New York prevents negative experience with trying to launch the TON Blockchain-platform, which was actually broken by the Securities and Exchange Commission (SEC). This circumstance speaks in favor of choosing the Asian Exchange.
Consultants of the Company offer to bind the value estimate of the company to the number of active users. It is assumed that by the time of the exit to the stock exchange, the messenger will be from 800 million to a billion. With the current dynamics and estimation at $ 50 for the Telegram user can estimate $ 30-50 billion.
In free circulation, 10-25 percent of shares can be released, but not more. According to the interlocutor of the publication, the head of the company Pavel Durov is important to maintain control over the platform and maximum, to which he is ready is to offer a block package.
At the end of March Telegram placed five-year bonds by more than a billion dollars. At the same time, the company guarantees preferential conditions for participation in the IPO – if the placement takes place until March 2024, the bonds can be converted into stocks at 10 percent discount.