Kcell starts trading on the LSE

Kazakh mobile telecoms provider Kcell started trading on the London Stock Exchange this morning.

Trading in Kcell’s global depository receipts started at 8am.

Last week, Kcell announced it had raised $525m (£324m) in its London and Almaty-based initial public offering for parent company TeliaSonera.

Credit Suisse, UBS Investment Bank and Visor Capital acted as joint global coordinator and joint bookrunners on the offer.