Business
VEON Welcomes Expanded Kyivstar Free Float After the Successful Kyivstar Secondary Offering
Dubai and New York, February 3, 2026 -- VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON”), notes that Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW), Ukraine’s leading digital operator (“Kyivstar”), is pleased to announce the closing of a secondary public offering of 14,375,000 common shares of Kyivstar (the “Offering”), at a public offering price of USD 10.50 per share. The Offering, which was over-subscribed by 5 times, was closed on February 2, 2026, and included Kyivstar shares held by
About this update from Kyivstar Group Ltd.
[{"type":"text","content":"Dubai and New York, February 3, 2026 -- VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON”), notes that Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW), Ukraine’s leading digital operator (“Kyivstar”), is pleased to announce the closing of a secondary public offering of 14,375,000 common shares of Kyivstar (the “Offering”), at a public offering price of USD 10.50 per share. The Offering, which was over-subscribed by 5 times, was closed on February 2, 2026, and included Kyivstar shares held by VEON Amsterdam B.V., the principal shareholder of the Company, and 400,000 common shares held by certain other selling shareholders.","length":633,"tagName":"p"},{"type":"text","content":"“We are very pleased to have opened up a further 6% of Kyivstar’s share capital to international investors. This Offering was a natural next step in VEON’s ambition to make Ukraine’s potential recovery and growth accessible to international investors, further expanding Kyivstar’s investor base,” said Kaan Terzioglu, VEON Group CEO and Executive Chairman of Kyivstar. “Kyivstar, the only Ukrainian company listed on a U.S. stock exchange, demonstrates remarkable resilience and consistently executes its digital growth vision, which we are pleased to share with KYIV investors and all of Ukraine.”","length":598,"tagName":"p"},{"type":"text","content":"“I want to thank international investors for their continued interest in Kyivstar. This successful offering demonstrates once again that there is investor demand for innovative, well-run Ukrainian companies like Kyivstar already today,” said Kyivstar Group President Oleksandr Komarov. “We look forward to the next stages of Kyivstar’s journey as a public company. We also remain committed to working towards our goal of making it possible for people in Ukraine, to have the chance to invest in Kyivstar and be part of the Kyivstar story.”","length":539,"tagName":"p"},{"type":"text","content":"Following the Offering, VEON’s ownership of Kyivstar Group Ltd. now stands at 83.6%. As a result of the offering, VEON has received proceeds of USD 139.8 million, net of fees, which VEON plans to use for general corporate purposes.","length":231,"tagName":"p"},{"type":"text","content":"The Offering included the exercise in full of the underwriters’ option to purchase an additional 1,875,000 common shares.","length":121,"tagName"...