Kyivstar to Become First Ukrainian Company Listed on Nasdaq with $2.21 Billion IPO

The telecom giant's U.S. listing in Q3 2025 marks a milestone for Ukraine's economic recovery and VEON's strategic shift post-Russia exit.

Kyivstar, Ukraine's leading mobile operator, will debut on Nasdaq in the third quarter of 2025 with a pro-forma valuation of $2.21 billion.
Parent company VEON will retain at least 80% ownership of Kyivstar following the IPO, which is facilitated by a SPAC merger led by Betsy Cohen.
The IPO demonstrates VEON's confidence in the U.S. market despite recent economic volatility tied to trade policies and recession fears.
Kyivstar's exclusive partnership with Starlink and the addition of Mike Pompeo to its board highlight its alignment with U.S. innovation and governance standards.
The move aligns with broader European efforts to support Ukraine's economy, emphasizing Kyivstar's role in the nation's post-war recovery.