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Kyivstar Group prices secondary offering at $10.50 per share

January 29, 2026 9:06 PM EST

Kyivstar Group Ltd. (NASDAQ: KYIV) announced the pricing of a secondary offering of 12.5 million common shares at $10.50 per share. The Ukraine-based digital operator will not sell any shares in the offering, according to a company statement.



VEON Amsterdam B.V., the principal shareholder, and other selling shareholders are conducting the sale. The selling shareholders granted underwriters a 30-day option to purchase an additional 1.875 million shares at the offering price, less underwriting discounts and commissions.



The offering 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, a 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. The offering is being made through a prospectus available on the SEC's EDGAR website.



Kyivstar operates as a holding company for JSC Kyivstar, which the company describes as Ukraine's leading digital operator and the first Ukrainian company to list on a U.S. stock exchange. The company provides mobile and fixed-line services, ride-hailing, e-health, digital TV, and enterprise solutions including cloud and cybersecurity services.


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