On the first day of trading on the Nasdaq stock exchange, the shares of the parent company Kyivstar dropped by 7.4 percent. This is reported by Dengi.ua with reference to information "Economic Pravda".
It is noted that the placement of shares of Kyivstar Group Ltd. under the ticker KYIV was held on August 15. Trading started at a price of 12.44 dollars per share, while during the day the cost fluctuated from 11.20 to 13.28 dollars. The total turnover amounted to about 1.73 million shares, indicating a noticeable interest on the part of investors in the new issuer.
It is reported that as a result securities closed at the level of 11.52 dollars, which was lower than the starting price by 7.4%. The first trading day for the company was characterized by high volatility and ended with a decrease in value. At the same time, the market capitalization of Kyivstar Group at the end of the debut is estimated at about $2.53 billion.