On August 15, 2025, the shares of Kyivstar Group Ltd. began trading on the American stock exchange Nasdaq under the ticker KYIV, reports Baltimore Chronicle, citing a press release from VEON.
Kyivstar Group Ltd., the parent company of “Kyivstar,” successfully completed the listing on Nasdaq. The main shareholder of the company remains the international telecommunications group VEON, which holds 89.6% of the shares.
During the listing process, several scenarios for the distribution of shares after the merger with SPAC company Cohen Circle Acquisition Corp. I were considered. One possible option included allocating 10% of the shares to public investors without buybacks, while another had only 2% in the event of a maximum redemption, allowing VEON to acquire more than 90% of the company.
Cohen Circle investors decided to buy back part of their shares before the deal was finalized, although the redemption volume was smaller than the maximum potential. “Kyivstar” became the first company fully focused on business in Ukraine to list on Nasdaq.
Kyivstar’s president, Oleksandr Komarov, noted that the listing on Nasdaq is a significant event for the Ukrainian business community and confirms the country’s high investment attractiveness.
Earlier we wrote about Starlink Direct to Cell with Kyivstar: what it is and when it will launch in Ukraine.