Ukraine's Kyivstar falls in landmark Nasdaq listing after SPAC deal close

** Mobile operator Kyivstar's KYIV.O shares falls 8.3% to $11.65 in landmark Nasdaq listing, a day after closing SPAC merger

** KYIV went public after clinching a $2.2 billion SPAC merger with Betsy Cohen's special purpose acquisition company, Cohen Circle Acquisition Corp I CCIR.O, becoming the first Ukraine-based company to list on a U.S. stock exchange

** "As with all listings through SPAC vehicles, post-deal performance can be volatile for a period, much like any IPO, as the shareholder base reshuffles between dedicated SPAC investors and long-term investors in the underlying business," according to Edison Group

** "In Kyivstar's case, this volatility may be amplified by its unique position as a company generating 100% of its revenues and earnings in Ukraine"

** Listing coincides with a highly anticipated summit between U.S. President Donald Trump and Russian President Vladimir Putin in Alaska

** KYIV, the market leader in Ukraine with more than 24 million subscribers, secured $178 million in transaction proceeds from the SPAC deal

** CEO Oleksandr Komarov says Russia-Ukraine peace deal will boost KYIV value