[BI-WEEKLY UPDATE: 25.04.2024]
Check out our latest bi-weekly update!
CEO Vex has been in Dubai and working to form a lot of new exciting things for Revuto.
And we’ve been up to lots of other stuff, too.
Read now:
https://us/Revuto REVU • Official Announcements/com.revuto.me/bw2504
BY Revuto REVU • Official Announcements
The messaging service and social-media platform owes creditors roughly $700 million by the end of April, according to people briefed on the company’s plans and loan documents viewed by The Wall Street Journal. At the same time, Telegram Group Inc. must cover rising equipment and bandwidth expenses because of its rapid growth, despite going years without attempting to generate revenue.
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%.
Revuto REVU • Official Announcements from us