[ CLOSE ] 𝐌𝐄𝐍𝐅𝐄𝐒𝐒 ᎠᎬ𝐍₲Ꭼ𝕷 𝐆Λ𝐍𝐊

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To pay the bills, Mr. Durov is issuing investors $1 billion to $1.5 billion of company debt, with the promise of discounted equity if the company eventually goes public, the people briefed on the plans said. He has also announced plans to start selling ads in public Telegram channels as soon as later this year, as well as offering other premium services for businesses and users.

The STAR Market, as is implied by the name, is heavily geared toward smaller innovative tech companies, in particular those engaged in strategically important fields, such as biopharmaceuticals, 5G technology, semiconductors, and new energy. The STAR Market currently has 340 listed securities. The STAR Market is seen as important for China’s high-tech and emerging industries, providing a space for smaller companies to raise capital in China. This is especially significant for technology companies that may be viewed with suspicion on overseas stock exchanges.

-CLOSE- 𝐌𝐄𝐍𝐅𝐄𝐒𝐒 ᎠᎬ𝐍₲Ꭼ𝕷 𝐆Λ𝐍𝐊 from GB