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. Cantor Fitzgerald is reportedly serving as the lead adviser on the potential deal.
The figures are said to represent maximum targets, and the final investment amount could be considerably lower. The discussions remain in early stages, and the terms of the proposed investment may still change.
Source :
https://www.investing.com/news/cryptocurrency-news/tether-reportedly-planning-to-raise-up-to-20-billion-at-roughly-500b-valuation-4252014
