Kyivstar is planning to list on Nasdaq in the second quarter, which would make it the first Ukrainian investment firm to be publicly traded on a U.S. stock exchange.
Kyivstar parent company VEON Ltd. and special purpose acquisition company Cohen Circle Acquisition Group announced Monday their signing a letting of intent to list the company’s stock.
Ukraine’s leading digital operator, Kyivstar provides 24 million customers with mobile and fixed-line connections. Kyivstar is also the leading provider of enterprise services in Ukraine, supporting businesses with cloud, cybersecurity and artificial intelligence solutions.
“We are proud to be opening American and global markets for Ukraine with Kyivstar’s benchmark Nasdaq listing,” said Augie K. Fabela II, chairman and founder of VEON. “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.”
Kaan Terzioglu, VEON Group CEO, added: “This agreement underscores our commitment to rebuild Ukraine through investments. We are excited to see investor interest in Kyivstar’s growth story and the appreciation of Ukraine’s potential.
VEON, which will continue to hold a majority stake in Kyivstar, began the listing process by filing a demerger proposal with the Dutch Chamber of Commerce on Monday.
Further information can be found at VEON’s website at: https://www.veon.com/investors.