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Tether reportedly planning to raise up to $20 billion at roughly $500B valuation
['Tue', 'Sept', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Investing.com -- Tether Holdings SA, the parent company behind the world’s largest stablecoin, is talking to investors to raise between $15 billion and $20 billion in exchange for approximately 3% of the company, according to a Bloomberg report on Tuesday.
If successful, the deal would value the El Salvador-based crypto firm at roughly $500 billion at the upper end of the range, placing it among the world’s most valuable private companies.
The transaction would involve issuing new equity rather than existing shareholders selling their stakes, the report added.
The figures are said to represent maximum targets, and the final investment amount could be considerably lower.
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