Telegram has raised an initial $850M for its billion-dollar ICO

Telegram’s billion-dollar ICO has reached its first milestone after the chat app company raised an initial $850 million, according to the document submitted to the SEC. The security is described as “purchase agreements for cryptocurrency” and the filing is signed by Telegram CEO Pavel Durov.

The pre-sale was originally targeted at raising $600 million, but demand pushed the figure up to $850 million.

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View the filing (SEC Form D)

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