Encrypted messaging service Telegram said to triple price in largest ICO

Encrypted messaging service Telegram said to triple price in largest ICO

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

Telegram Group Inc., an encrypted messaging service that just raised $850 million from selling rights to virtual coins, is tripling the price in its next funding round, according to people familiar with the matter.

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