Call for MINT Incubating support programme Ministry of innovation and technology aimed to provide guidance and resources to help you refine your business model, identify target markets, and develop your go-to-market strategy, connect startups with experienced mentors who can offer industry-specific knowledge, advice, access to a network of entrepreneurs, investors, industry experts, technical and business training and skill sharing programme and potential partners, market channel, business tools access to wifi, photocopy and working space. So all potential startups whom want to incubate can register below
Call for MINT Incubating support programme Ministry of innovation and technology aimed to provide guidance and resources to help you refine your business model, identify target markets, and develop your go-to-market strategy, connect startups with experienced mentors who can offer industry-specific knowledge, advice, access to a network of entrepreneurs, investors, industry experts, technical and business training and skill sharing programme and potential partners, market channel, business tools access to wifi, photocopy and working space. So all potential startups whom want to incubate can register below
Telegram hopes to raise $1bn with a convertible bond private placement
The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.
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.
