Market Chatter: Veon's Kyivstar Targets to Raise up to $200 Million in US Listing

MT Newswires Live

Aug 11

Veon's (VEON) Kyivstar subsidiary plans to raise between $50 million and $200 million through a Nasdaq listing this year following its planned merger with special purpose acquisition company Cohen Circle Acquisition (CCIR), Reuters reported Monday, citing three sources familiar with the matter.

Veon and Cohen Circle earlier said they have secured about $52 million in non-redemption agreements with institutional investors, meeting the minimum cash condition for the merger, which is expected to be completed in Q3.

Shareholders are scheduled to vote on the deal on Tuesday.

Veon, Cohen Circle and Kyivstar did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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