Messaging App Telegram Cancels Plans for Public ICO
In accordance to a report in the Wall Street Journal, instant messaging app Telegram has decided to cancel its plans for a public initial coin offering (ICO). The WSJ report also mentioned that according to a two-page document that was circulated last year, Telegram was planning to raise about $1.2 billion split 50-50 between private and public investors. However, Telegram had already managed to raise around $1.7 billion this year from fewer than 200 private investors.
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