Listing, or in other words, admitting shares to trading on a stock exchange, is a multi-step procedure, the speed of which is influenced, in particular, by the decision of the US Securities and Exchange Commission.
Listing, or in other words, admitting shares to trading on a stock exchange, is a multi-step procedure, the speed of which is influenced, in particular, by the decision of the US Securities and Exchange Commission.
Therefore, under an optimistic scenario, the Ukrainian operator will go public in the summer. This was stated by Kyivstar CEO Oleksandr Komarov on the sidelines of the Global Outlook: Enduring Change discussion organized by the European Business Association, NV. Business writes .
“The optimistic, aggressive listing deadline is the beginning of the third quarter,” Komarov said.
Komarov refused to specify the size of the stake, but emphasized that the parent company VEON will remain the controlling shareholder.
According to Interfax-Ukraine, a placement of 15−20% on the stock exchange is being considered.
Recall that in January, VEON, the parent company of Kyivstar, signed an agreement with the American investment company Cohen Circle, which brought the mobile operator one step closer to entering the US stock exchange.
"VEON and Cohen Circle Acquisition Corp. I, a specialized asset acquisition company, announced the signing of a memorandum of understanding to conduct business together for the purpose of indirectly placing Kyivstar, VEON's digital operator in Ukraine, on the Nasdaq Stock Market LLC in the United States," the company noted.
Previously, dev.ua reported how much Kyivstar could cost on the stock exchange.
