Kyivstar prices secondary offering at $10.50 per share

Kyivstar Group Ltd. (NASDAQ: KYIV) priced a secondary offering of 12.5 million common shares at $10.50 per share, according to a statement from VEON Ltd. (NASDAQ: VEON). The offering consists of 12.1 million shares held by VEON Amsterdam B.V., Kyivstar's principal shareholder, and 400,000 shares from other selling shareholders.

The underwriters received a 30-day option to purchase up to an additional 1.875 million common shares at the same price, minus underwriting discounts and commissions. Kyivstar is not selling any shares in the offering.

The transaction is expected to close on February 2, 2026, subject to customary closing conditions. Morgan Stanley, Barclays, Cantor and Rothschild & Co serve as joint book-running managers and representatives of the underwriters. Benchmark, StoneX Company and Northland Capital Markets act as co-managers.

The Securities and Exchange Commission declared effective on January 29, 2026 a registration statement on Form F-1 that was filed on January 28, 2026.

Kyivstar operates as Ukraine's digital operator through its subsidiary JSC Kyivstar, providing mobile and fixed-line services, ride-hailing, e-health, digital television, and enterprise solutions including big data, cloud, and cybersecurity services.

The information is based on a press release statement from VEON Ltd.

You May Also Be Interested In