Aug 14 (Reuters) - Ukraine's biggest mobile operator,
Kyivstar, said on Thursday its shares will begin trading on the
Nasdaq on August 15, making it the first Ukrainian company to be
listed on a U.S. stock exchange.
Kyivstar's parent, telecoms group VEON, has pitched this IPO
to attract foreign investors betting on Ukraine's
reconstruction, which hinges on prospects for peace with Russia.
The IPO 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.
Robust activity in the U.S. IPO market has also
encouraged companies to float shares among investors, who have
shown renewed interest in new listings after a slump earlier
this year caused by uncertainty from trade policy changes.
Kyivstar, owned by telecoms group VEON, is the market leader
in Ukraine with more than 24 million subscribers.
Its revenue and profit have risen since Russia's invasion,
despite repeated cyberattacks and power outages.
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.
Rothschild & Co acted as the lead financial advisor and
capital markets advisor to VEON.