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Investing.com -- Kyivstar Group, a Ukrainian telecommunication company, has announced its plans to list on the Nasdaq Stock Market in the coming months with a valuation of $2.21 billion.
The listing is a strategic move to attract international investors, given the tech-heavy nature of the U.S. index.
Veon, the digital operator that controls Kyivstar, has signed an agreement with special purpose acquisition company Cohen Circle Acquisition Corp. (NASDAQ:CCIR) to facilitate the listing.
The new publicly-traded entity will be listed under the ticker KYIV.
Kaan Terzioglu, Veon’s Chief Executive, stated that the listing would make investing in Kyivstar more directly accessible to international investors. He emphasized the company’s progression towards becoming a Nasdaq-listed entity.
Following the listing, which is expected in the third quarter, Veon plans to retain at least 80% of the issued and outstanding equity of Kyivstar Group.
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