TechFlow news, according to the Financial Times, two people familiar with the matter said that Telegram could consider a U.S. listing once the company becomes profitable and market conditions are favorable. Telegram founder Pavel Durov declined to comment on timing or potential locations but said the company has already "examined several options."
Telegram has raised around $2 billion in debt financing, including a $1 billion bond issued in 2021, as well as $750 million and $270 million bonds issued last year.
If an IPO takes place before the end of March 2026, holders of these bonds will have the ability to convert their senior unsecured debt into equity at a discount of 10% to 20% relative to the IPO price, creating an incentive for the company to go public by that date.
Durov said Telegram would consider selling a portion of shares to loyal users during its initial public offering. He expressed ongoing interest in conducting a smaller-scale equity fundraising. "For example, if we wanted to raise funds to advance our ambitions related to artificial intelligence, that remains possible," he said, adding that the company is exploring the introduction of AI-powered chatbots.
