​​Telegram plans to hold an IPO in 2023. Telegram has begun p | TITAN Financial

​​Telegram plans to hold an IPO in 2023.

Telegram has begun preparations for the IPO - the likely timing of it - 2023. This information was confirmed by two other interlocutors of Vedomosti, one of whom — close to the auditor preparing Telegram for placement, the other — to an investment bank familiar with Telegram's plans. The messenger began pre-IPO diagnostics and is now choosing the region and exchanges on which plans to conduct an offering. An advantageous position for Telegram shareholders — a direct listing on the New York NYSE, says Petr Pokhvalin, managing partner of the VDI Group consulting company. This is the fastest way to get liquidity without the restrictions and costs associated with organizing an IPO.

The consultants propose to tie the company's valuation to the monthly number of active Telegram users and proceed from the estimate of one active user at $ 50. Benchmark for the assessment — the WhatsApp messenger. In 2014, Facebook acquired the company, which then had 450 million users, based on an estimate of $ 19 billion. Thus, Facebook then paid more than $ 42 for each WhatsApp user. The valuation of the entire company at $ 50 billion — quite close to reality, it can be realized in a favorable economic situation.

via. TITAN