Kyivstar Group Ltd. successfully closed a secondary public offering of 14,375,000 common shares at $10.50 per share, oversubscribed by 5 times, providing proceeds of $139.8 million. VEON, the principal shareholder, now owns 83.6% of Kyivstar. The underwriters exercised an option to purchase an additional 1,875,000 shares. The offering was managed by Morgan Stanley, Barclays, Cantor, and Rothschild & Co, with Benchmark and Northland Capital Markets as co-managers. The offering was made pursuant to a registration statement on Form F-1 filed with the SEC. VEON aims to use the proceeds for general corporate purposes.

Read more at GlobeNewswire: VEON Welcomes Expanded Kyivstar Free Float After the