Former MegaFon CEO seeks to list Russian Spac in US

Russia_Nasdaq_PA_575x375_July22
By Sam Kerr
22 Jul 2020

Ivan Tavrin, the former CEO of Russian telecoms company Megafon, is seeking to raise $250m for a special purpose acquisition company (Spac) which is likely to target a merger with a Russian company.

Bank of America and Credit Suisse are bookrunners on the IPO, which will sell 25m units in Kismet Acquisition One, at $10 each.

Each unit sold consists of one share of common stock and one-half of a warrant, exercisable at $11.50.

The company is a blank ...

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