{"id":38686,"date":"2021-03-10T19:40:39","date_gmt":"2021-03-10T17:40:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38686"},"modified":"2025-08-30T05:57:01","modified_gmt":"2025-08-30T02:57:01","slug":"media-put-telegrams-value-in-2022-at-between-2-2-billion-and-124-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/media-put-telegrams-value-in-2022-at-between-2-2-billion-and-124-billion\/","title":{"rendered":"Media put Telegram’s value in 2022 at between $2.2 billion and $124 billion"},"content":{"rendered":"

One of Telegram’s convertible-bond placement agents, VTB Capital, estimated the company’s potential value in 2022 at a range from $2.2 billion to $124 billion. \u0441\u043e\u043e\u0431\u0449\u0430\u0435\u0442<\/a> VTimes.<\/p>\n

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The wide spread of figures is explained by the investment bank comparing the messenger with Google, Facebook, Twitter, Snap and Slack across various parameters.<\/p>\n

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The $2.2 billion valuation was arrived at by using the EV\/Sales multiple \u2014 the ratio of a company’s value to its sales.<\/p>\n

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Source: VTB Capital<\/p>\n<\/div>\n

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The $124 billion figure is based on EV\/DAU, which shows the value assigned per daily active user.<\/p>\n

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Source: VTB Capital<\/p>\n<\/div>\n

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\u201cVTB Capital\u201d forecasts that Telegram will grow faster than the market, but applies a discount to the peer group to emphasise Telegram’s lack of operating history, its unproven business model and potential lag in profitability relative to rivals.<\/p>\n

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Telegram’s revenue by the end of 2022, according to the bank’s estimates, is expected to be about $200 million.<\/p>\n

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The analysts at VTB Capital also described the bond-conversion scheme in the event of the company’s potential IPO:<\/p>\n

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