Kyivstar Group Ltd., the parent company of Ukraine's leading digital operator, announced the completion of its historic listing on the Nasdaq Stock Market. Starting from August 15, Kyivstar shares will be traded on Nasdaq under the ticker KYIV, providing global investors with direct access to investing in Ukrainian businesses. As of the closing of the business combination, VEON owns 89.6% of Kyivstar Group Ltd.
Kyivstar Group Ltd., the parent company of Ukraine's leading digital operator, announced the completion of its historic listing on the Nasdaq Stock Market. Starting from August 15, Kyivstar shares will be traded on Nasdaq under the ticker KYIV, providing global investors with direct access to investing in Ukrainian businesses. As of the closing of the business combination, VEON owns 89.6% of Kyivstar Group Ltd.
To officially celebrate the public offering, Kyivstar will join the Nasdaq Opening Bell ceremony in New York on August 29, 2025, the company said in a press release.
"Our entry into the public market is a significant event not only for the company, but also for the entire Ukrainian business community," said Kyivstar President Oleksandr Komarov. "Listing on Nasdaq enhances the company's international visibility and emphasizes the strength and stability of a leading Ukrainian business. This is a powerful signal to international investors that effectively managed, high-performing and innovative companies operate in Ukraine."
Kyivstar serves nearly 23 million mobile subscribers and 1.1 million fixed internet users. The company's digital services portfolio includes the Helsi medical platform with over 29 million registered users, the Kyivstar TV film and television platform, and the Ukrainian ride-hailing and delivery market leader, Uklon.
In addition, the company is a leading provider of solutions for corporate clients, providing services in cloud technologies, cybersecurity and artificial intelligence. Through its Kyivstar.Tech division, the company actively develops software development in Ukraine and is a reliable partner for international technology companies such as Starlink.
On January 13, VEON, the parent company of Kyivstar, announced the signing of an agreement with the American investment company Cohen Circle on joint business operations for the purpose of indirect placement of Kyivstar on the Nasdaq Stock Market LLC stock exchange in the United States. The business combination agreement was signed in March and approved by the shareholders of the American company on August 12.
"NASDAQ is the Champions League for tech companies. I understand that not everyone who uses mobile communication plays on the exchange, and the 100k+ bullpen has clouded the memory of classic players, but let me remind you that NASDAQ is an exchange for high-tech companies. It is there that our favorite Apple, Tesla, Microsoft Google, etc. are traded. And now our Ukrainian company will also be represented there," Anatoliy Frolenkov, a telecom consultant, commented on this event.
According to Reuters sources, VEON has already signed non-placement agreements worth $52 million with institutional investors, which is the minimum amount the company expects to raise. If demand exceeds expectations, the maximum amount could reach $200 million.
Recall that the other day Kyivstar conducted the first public test of satellite communication from a smartphone from Starlink — Direct-to-Cell — in the Zhytomyr region.
