Kyivstar Group Ltd., a leading digital operator in Ukraine, announced the pricing of a secondary public offering of 12,500,000 common shares by its principal shareholder, VEON Amsterdam B.V., along with other selling shareholders. The shares are priced at $10.50 each. Kyivstar itself is not issuing any new shares as part of this offering.
The selling shareholders have also granted underwriters a 30-day option to purchase up to an additional 1,875,000 shares at the same price, minus underwriting discounts and commissions.
**Why this matters**
This secondary offering allows major shareholders to sell a portion of their holdings, potentially increasing the liquidity of Kyivstar’s shares on the market. It does not dilute the company’s existing shares since no new shares are being issued. The offering price and additional option for underwriters may influence trading activity and investor interest in Kyivstar’s stock.