Money Pit? Telegram ICO Hits $1.7 Billion After 2nd Funding Round

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theKIMBUS7
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Money Pit? Telegram ICO Hits $1.7 Billion After 2nd Funding Round

Post by theKIMBUS7 » Sat Mar 31, 2018 3:25 pm

"The Telegram ICO has now raised a total of at least $1.7 billion, public documents show.

According to offering documents filed with the US Securities and Exchange Commission (SEC) and dated March 29, the second round of Telegram’s much-hyped initial coin offering (ICO) raised $850 million in a sale that began on March 14.

The filing reports that 94 investors contributed to the funding round, placing the average individual investment at approximately $9 million. The previous funding round, which occurred in January and also raised $850 million, attracted 81 investors for an average individual investment of $10.5 million."


https://www.ccn.com/money-pit-telegram- ... ing-round/

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