Telegram, a globally renowned instant messaging app, is considering a significant move towards an initial public offering (IPO) in the United States. This decision comes in the wake of a surge in its user base, which has now surpassed the 900 million mark.
CEO Pavel Durov revealed that Telegram has generated "hundreds of millions of dollars" in revenue since the introduction of advertising and subscription services two years ago. This revenue surge brings Telegram closer to profitability, with Durov expressing hopes for achieving profitability either this year or the next.
Telegram has garnered a valuation exceeding $30 billion from potential investors. The company has previously secured approximately $20 billion in debt financing through various bond issuances. Notably, holders of these bonds will have the option to convert their high-yield unsecured debt to equity at a discount of 10% to 20% if Telegram goes public before the end of March 2026.
In addition to Telegram's IPO considerations, the associated blockchain platform, TON, experienced a remarkable surge of over 25% following the announcement. Pavel Durov had previously announced collaboration between TON and Telegram in advertising revenue payments.
Introduction of Enterprise Features
Telegram introduced new enterprise features this week, enabling users to convert personal accounts into business accounts. These accounts offer functionalities such as location addition, opening hours, color-coded chat grouping, automated greetings, and quick response shortcuts.
Telegram's CEO hinted at further enhancements to Telegram Business accounts, including the integration of AI-driven chatbots to revolutionize customer interactions. Additionally, developers can anticipate the release of a new Bot API later this month.
TON Blockchain Sets Performance Benchmark, Microcosm Labs Sees Vast Potential in Its Social Financial Ecosystem
TON, developed initially by Telegram and now maintained by the TON Foundation and TON Core Team, has positioned itself as a high-performance, sharded blockchain. Notably, TON set a Guinness World Record by achieving 104,655 transactions per second (TPS) under real-world conditions, outperforming competitors like Solana and BNB Chain.
Microcosm Labs, a startup focusing on the TON ecosystem, sees immense potential in TON's integration with Telegram. They believe that TON can replicate the success of WeChat by combining social networking with financial services, potentially surpassing WeChat's limitations in global expansion due to geopolitical challenges.
Despite acknowledging challenges, Microcosm Labs remains optimistic about TON's future and invites entrepreneurs and investors to participate in shaping its ecosystem. They envision TON becoming a cornerstone for various applications, including gaming, social integration, and financial services, leveraging its seamless integration with Telegram.