How to buy Kyivstar shares on Nasdaq from Ukraine?
Today, August 15, the first Ukrainian company went public on the American stock exchange Nasdaq. How can Ukrainians buy Kyivstar shares?
Today, August 15, the first Ukrainian company went public on the American stock exchange Nasdaq. How can Ukrainians buy Kyivstar shares?
Today, August 15, the first Ukrainian company went public on the American stock exchange Nasdaq. How can Ukrainians buy Kyivstar shares?
To purchase shares of companies listed on Nasdaq, residents of Ukraine need to open an account with a broker working with the American market and fund it, explains Forbes Ukraine.
"The most popular in Ukraine and in the world are Interactive Brokers. When filling out the application, you should indicate which markets the investor plans to work in," said Ilya Klets, financial planner at iPlan.
When withdrawing dividends, the United States automatically withholds taxes from them. Since Ukraine has an agreement with the States to avoid double taxation, the investor must submit an appropriate application for the return of these funds, added Andriy Nesteruk, head of the strategy department of the London fintech startup Finteum.
In an interview with Interfax-Ukraine in July, the founder of VEON, Ogi K. Fabela II, the parent company of Kyivstar, shared that he dreams of a "people's IPO" so that Ukrainian investors could also become co-owners of Kyivstar. However, so far, such an initiative has run into regulatory barriers.
According to Kyivstar CEO Oleksandr Komarov, before the full-scale war, the company studied the possibility of placing shares simultaneously in the US and Ukraine. One of the options provided for a tool of the National Securities Commission, which would allow NASDAQ shares to be placed in Ukraine. However, in conditions of martial law, such securities, denominated in foreign currency, fall under the ban on transfers abroad.


