Kyivstar's shares will be listed on Nasdaq in the third quarter, according to the company's CEO.

The placement of a portion of the shares of the mobile operator "Kyivstar" on the Nasdaq stock exchange is likely to take place in the third quarter.

CEO Oleksandr Komarov announced this following the discussion "Global Outlook: Enduring Change," as reported by Interfax-Ukraine.

"The optimistic, aggressive timeline for the placement of 'Kyivstar' shares on Nasdaq is the beginning of the third quarter," Komarov stated.

He noted that the listing process (the admission of securities to trading on the exchange) is a complex procedure. According to Komarov, the speed of this process will be influenced by decisions from the American Securities and Exchange Commission.

The CEO of "Kyivstar" declined to specify the volume of shares planned for placement on Nasdaq. He emphasized that the parent company VEON will remain the controlling shareholder.

According to sources from Interfax-Ukraine, a placement of 15-20% on the exchange is being considered.

Background. Earlier, Mind reported that VEON announced the signing of a protocol with Cohen Circle for the further listing of "Kyivstar" on the Nasdaq exchange in New York.