Ukraine’s Kyivstar to raise up to $200 million in landmark US listing, sources say

Ukraine’s biggest telecoms operator Kyivstar expects to raise between $50 million and $200 million through a landmark stock market listing in New York this year, three sources familiar with the matter told Reuters.

Kyivstar will become the first Ukraine-based company listed on a U.S. stock exchange when it joins Nasdaq via fintech entrepreneur Betsy Cohen’s special purpose acquisition company (SPAC) Cohen Circle, thereby avoiding some of the complexities of a traditional initial public offering.