Kyivstar Group shares fell 16% during their debut on the US Nasdaq stock exchange. Despite an unsuccessful first day of trading, the IPO was a historic event, as Kyivstar is the first company with an operational center in Ukraine to be listed in the US. This was reported by the WSJ.
Despite the fall in prices, the company’s management views the event positively.
The company’s shares opened at $14 each but fell to $11.52 during the day. After the close of trading, the shares rose slightly to $11.78.
