"We are working on a people's IPO." Ukrainians will be able to buy Kyivstar shares
The largest Ukrainian telecom operator is working to provide citizens with the opportunity to purchase the company’s shares on the domestic market.
The largest Ukrainian telecom operator is working to provide citizens with the opportunity to purchase the company’s shares on the domestic market.
This was stated by Kyivstar CEO Oleksandr Komarov in an interview with Forbes Ukraine.
According to him, the company is already negotiating with the National Securities and Stock Market Commission to bring Kyivstar Group shares to Ukraine. The main technical condition for placing securities on local platforms is to ensure a direct connection between the share price on the American Nasdaq exchange and the value in Ukraine.
«We are doing some things that do not have a direct impact on the business at the moment. But they have the potential for development in the future. We are currently working on a 'people’s IPO,'» the company’s head explained.
Komarov noted that external investors positively perceive Kyivstar’s transformation from a classic telecom operator to a digital company. In particular, the operator is developing a Direct-to-Cell satellite communication project, the CEO sees the future in cooperation with terrestrial networks, although Komarov admits that this project is currently unprofitable.
In addition, the company, together with the Ministry of Digital Transformation, is investing in the creation of a Ukrainian national language model. Although this AI project does not yet have a direct business case, Kyivstar will receive some rights to use the model and opportunities for their commercialization.
Kyivstar’s consistent transition from traditional provision of communication services to building a digital ecosystem with a telecom license is part of a global strategy, which, according to management, has already allowed it to show growth of 30% and profitability at the level of 56% according to the results of the year.
VEON previously reported an increase in the amount of dividends and interest payments from its Ukrainian subsidiary Kyivstar that are blocked due to the current restrictions on capital movements by the National Bank of Ukraine. As of the end of 2025, the amount of dividends blocked in Ukraine has increased to $458 million.
Recall that Kyivstar has begun the process of transformation into a holding company. Currently, the operator is building a structure of several technological verticals, covering medicine, mobility, and corporate services.
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