As the business approaches profitability and its user base expands, Telegram is anticipated to make its debut on Wall Street.
Telegram, a social media platform, is approaching its Wall Street debut.
The Financial Times reports that the organization may consider conducting an initial public offering and expects to be profitable by 2025.
However, in pursuit of achieving profitability, the organization has additionally implemented a revenue-sharing framework for its creditors.
Telegram Considers U.S. Listing
As it approaches a potential blockbuster stock market debut, the owner of the private messaging application Telegram, as reported by the Financial Times, asserts that the company has nearly achieved profitability and has 900 million users.
The report also emphasizes that the organization will introduce revenue sharing this month, with the promise of distributing 50% of marketing funds to the creators who administer their channels.
Moreover, Pavel Durov told the Financial Times that since introducing advertising and premium subscription services two years ago, Telegram has become one of the most popular social media apps in the world and has generated “hundreds of millions of dollars” in revenue.
Telegram had grown to become one of the world’s most popular social media apps while making “hundreds of millions of dollars” in revenues after introducing advertising and premium subscription services two years ago, Pavel Durov told the Financial Times.
The exact date of the IPO remains uncertain; however, it will occur at a time when social media companies are experiencing significant growth due to subscription and advertisement revenue.
According to FT, assuming Telegram attains profitability and the market continues to be favorable, the firm will likely pursue a US listing.
Telegram’s IPO Plans Align with Peer Reddit
Concurrent with Telegram’s IPO is its competitor Reddit, which is also preparing to launch trading in the United States.
However, Reddit, which is among the most anticipated debuts on the stock market this year, in its IPO is aiming for a valuation of up to $6.4 billion.
Reddit recently declared its intention, along with several significant investors, to sell an estimated 22 million shares at a price ranging from $31 to $34 per share.
The company hopes to generate substantial interest from investors and market participants around the globe.
Meanwhile, the current valuation of Telegram is undisclosed; however, this information will be crucial in determining the company’s worth on the border market in terms of its suitability for completion.
Telegram’s Blockchain Venture to Also Benefit
Telegram had also ventured into the blockchain and Web3 domains with the release of TON.
Meanwhile, the purpose of establishing Telegram Open Network (TON), a decentralized global blockchain network, was to make cryptocurrencies accessible to all.
TON is on schedule to empower 500 million individuals to manage their digital identities, assets, and data by 2028 through the integration of Telegram Messenger with the Web3 ecosystem.
However, if successful, Telegram’s initial public offering will also assist its blockchain division in dominating the market as a whole.
This could bring it in alignment with its competitors, thereby contributing to the segment’s increased revenue.
