Messaging service Telegram on track to boost cryptocurrency sale to $1.7b

Messaging service Telegram on track to boost cryptocurrency sale to $1.7b

A man is seen as a silhouette as he checks a mobile device whilst standing against an illuminated wall bearing Telegram's logo in this arranged photograph in London, U.K. Photographer: Chris Ratcliffe/Bloomberg

Messaging service Telegram Group Inc., which smashed the world record for selling a new cryptocurrency in February, is on track to raise another $850 million as its initial coin offering extends toward a third month, according to three people familiar with the matter.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter