850 million dollars has already been invested in ICO Telegram

850 million dollars has already been invested in ICO Telegram

ICO messenger Telegram, has not yet begun officially, has already set an absolute record for the size of the collected investments. The founder of Telegram, Pavel Durov reported to the Commission on securities and stock exchanges of the USA (SEC) about raising $850 million from 81 investors.

According to reports, the placement of securities was carried out by two companies registered in the British virgin Islands – Telegram Group Inc and TON Issuer Inc, which are managed by brothers Paul and Nicholas Durov. The receipt of investments began on January 29 and ended on February 13, when the amount of applications exceeded the planned volume by more than 6 times: instead of $600 million, investors expressed a desire to invest $3.8 billion in the TON - project of the messenger and payment network on the blockchain. As a result, applications for $850 million were approved.

ICO Telegram cannot be called a regular token sale: it is a much more classic and us-approved placement of securities in dollars and euros. The SEC report is information on the placement of securities in form D, which is often used by small companies to obtain venture capital financing and exempts the issuing company from submitting a complete set of documents and financial statements.