Notcoin

Toncoin

Coin

<ul class="news-points wp-block-list" "wp-block-list"> 
 <li>Durov’s legal issues hit Telegram IPO prospects, shaking investor confidence.</li> 
 <li>Telegram bonds plunge 10 points after CEO’s arrest amid criminal charges.</li> 
 <li>Toncoin and Notcoin prices drop sharply, reflecting market unease.</li> 
</ul> 
Telegram’s plans for an Initial Public Offering (IPO) within the next two years have faced a setback due to criminal charges against its CEO, Pavel Durov. French authorities accused Telegram of failing to address criminal activities on its platform, including the publication of child sexual abuse material. 
The Dubai-based messaging app, owned by Durov, has been actively working to raise revenue ahead of a potential IPO by 2026. Telegram’s <a href="https://www.ft.com/content/429f9092-5447-4e4c-b3b6-ffa2bc357ca4" target="_blank" rel="nofollow">2023 financial statements</a> revealed a revenue of $342 million last year but an operating loss of $108 million. Despite Durov’s significant investment and successful debt financing efforts, the recent legal issues have negatively impacted investor confidence. 
<a href="https://coinedition.com/crypto-market-jitters-as-pavel-durovs-release-odds-dwindle/">Durov’s arrest</a> on August 24, 2023, as he arrived in France, has further raised the situation. The price of Telegram’s bonds dropped nearly 10%, trading at around 87 cents on the dollar and yielding over 16%, down from 96 cents before his arrest.&nbsp; 
The …
The post <a href="https://coinedition.com/telegrams-ipo-plan-hits-a-snag-following-ceo-arrest/">Telegram’s IPO Plan Hits a Snag Following CEO Arrest</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Telegram’s IPO Plan Hits a Snag Following CEO Arrest

Coin Edition

Other articles published on Aug 30, 2024

Over $1 Billion in Ethereum (ETH) in 24 Hours, What Happened?

Elon Musk and Tesla Win Legal Battle as Dogecoin Lawsuit is Thrown Out

Ethereum and Tron Holders Race To Join DTX Exchange’s Presale As It Reaches Stage 3 at a Lightnin...

Why FET Price Correction Might Not Be Over

Russian Presentation Describes XRP Deflationary Nature, Refers to Ripple as a Central Bank

Hamster Kombat to Launch $HMSTR Token and Airdrop on Sept. 26

Join our free newsletter for daily crypto updates!