Thursday, 12 December 2019

Chelsea FC owner invests in Dubai-based firm's ICO

The proposed Initial Coin Offering (ICO) from Dubai-based social media platform Telegram has attracted a lot of attention to the celebrities an business people. According to Russian business daily Vedomosti, attracted a slew of prominent Russian investors – including Mikhail Fridman, Alisher Usmanov and Chelsea FC owner Roman Abramovich.

Telegram’s public ICO, which was announced back in December 2017, is scheduled to be launched in March and attract $1.2 billion in investment.

The presale phase ended last week and filings to the US Securities and Exchange Commission on February 13 claim that Pavel Durov’s company had already attracted $850 million from 81 investors.

Confirmed participants in the ICO include Sergey Solonin, CEO of Qiwi, and David Yakobashvili, founder of food company Wimm-Bill-Dann.

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