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Telegram Secures $1.7B in Convertible Bonds—Because Traditional IPOs Are Too Mainstream
Telegram Secures $1.7B in Convertible Bonds—Because Traditional IPOs Are Too Mainstream
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Messaging giant Telegram just pulled off a $1.7 billion power move—skipping the IPO circus and going straight for convertible bonds. Because why dilute your equity when you can flirt with debt instead?
Wall Street’s reaction? Probably a mix of envy and eye-rolls as another tech player bypasses their gatekeeping. The terms? Sweet enough to make even crypto VCs blush.
One thing’s clear: Pavel Durov plays by his own rules. Whether this fuels Telegram’s next big pivot or just buys time before the inevitable ’We Need to Talk’ moment with creditors remains to be seen.
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