Aug 15 (Reuters) - A peaceful resolution to the war
between Russia and Ukraine would boost the value of Ukrainian
mobile operator Kyivstar "quite significantly", its CEO
Oleksandr Komarov said on Friday ahead of the company's stock
market listing in New York.
Kyivstar's shares will begin trading on the Nasdaq later on
Friday, becoming the first Ukraine-based company listed on a
U.S. stock exchange.
The listing coincides with a highly anticipated summit
between U.S. President Donald Trump and Russian President
Vladimir Putin in Alaska, a meeting closely watched by Ukraine
and European nations as a potential turning point in peace
negotiations.
"We will be the best asset for the international investment
community to invest in Ukraine, to invest in the Ukrainian
recovery, to invest in the Ukrainian support," Komarov said in
an interview.
Komarov said the company chose Nasdaq, where its parent VEON
is also listed, over London or Warsaw because it is
even more important to "strengthen the link between the United
States and Ukraine rather than between Ukraine and Europe."
The company has deepened its U.S. ties during the
conflict, appointing former U.S. Secretary of State Mike Pompeo
to its board and
signing a deal
with Elon Musk's Starlink for satellite services.
VEON has pitched the listing as an opportunity for
foreign investors to bet on Ukraine's reconstruction. But its
success hinges in part on a peace deal being achieved.
Komarov said that the first few weeks of trading will be
extremely volatile. When asked if the outcome of the IPO depends
on political developments, he said the volatile external
environment was already incorporated in Kyivstar's valuation.
Kyivstar, which has been given a pro forma valuation of
$2.3 billion, carried out the listing by merging with fintech
entrepreneur Betsy Cohen's Cohen Circle special purpose
acquisition company (SPAC).
The company raised $178 million, confirming a
Reuters report
saying Kyivstar expected up to $200 million.
VEON will retain a majority stake in the mobile
operator.