Kyivstar to be listed on the Nasdaq
Digital operator VEON has announced its plan to list Ukraine communications company Kyivstar on the Nasdaq in New York. The move follows the signing of a letter of intent with Cohen Circle Acquisition Group.
According to a statement, completion of the transaction would make Kyivstar the first “purely Ukrainian investment opportunity” to be publicly listed on a US stock exchange. This would enable “US and other international investors to participate more directly in Kyivstar’s growth and the broader recovery of the Ukrainian economy.”
Kyivstar is Ukraine’s largest digital operator, with more than 20 million customers. It provides services including digital healthcare platform Helsi, as well as streaming platform Kyivstar TV. It has recently signed an agreement with Starlink to facilitate direct-to-cell satellite connectivity.
VEON chair and founder, Augie K Fabela II, said: “We are proud to be opening American and global markets for Ukraine with Kyivstar's benchmark Nasdaq listing. As Ukraine's largest private investor, this milestone amplifies our 'Invest in Ukraine NOW!' campaign, showcasing the country’s growth potential and offering American investors direct access to its future economic opportunities."
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