Kyivstar Group Ltd. (Nasdaq: KYIV) has announced the completion of its listing on the Nasdaq Stock Market LLC (Nasdaq) and the start of trading of shares of Ukraine’s largest mobile operator, Kyivstar, under the ticker KYIV.
According to the company’s press release, Kyivstar President Oleksandr Komarov said:
“Kyivstar’s story is a unique combination: visionary and future-looking strategy, robust execution, strong growth, prudent capital deployment and commitment to rebuilding our home country Ukraine. We are delighted to share this unique story with international investors seeking high-growth opportunities, and look forward to doing so on Nasdaq following our listing as the flagbearer of Ukrainian businesses on U.S. stock markets.”
From today, Kyivstar shares are traded on Nasdaq under the ticker KYIV, giving global investors direct access to investing in Ukrainian business and the country’s economic recovery. At the time of the business combination closing, VEON held 89.6% of Kyivstar Group Ltd. shares.
The Nasdaq listing was made possible through a business combination between Kyivstar Group Ltd. and the special purpose acquisition company Cohen Circle Acquisition Corp. I (Nasdaq: CCIR). Cohen Circle shareholders approved the transaction on August 12, 2025, and only 25.4% of public shares were redeemed, generating $178 million in proceeds, including investments from institutional partners Helikon and Clearline.
It is reported that the Kyivstar listing and VEON’s sale of its business in Kyrgyzstan are expected to result in non-cash expenses of $150–200 million.
Kyivstar serves nearly 23 million mobile subscribers and over 1.1 million “Home Internet” customers. Its digital service portfolio includes the medical platform Helsi, Kyivstar TV streaming platform, and the ride-hailing and delivery leader Uklon. Kyivstar also provides corporate clients with cloud, cybersecurity, and AI solutions. Through its Kyivstar.Tech division, the company develops software in Ukraine and partners with international tech firms such as Starlink.
In the first half of 2025, Kyivstar increased EBITDA by 39.5% to UAH 12.85 billion, while revenue rose 36.1% to UAH 22.58 billion.
Kyivstar Group, beyond managing Kyivstar, offers services across mobile and fixed technologies, big data, cloud solutions, cybersecurity, and digital TV. VEON, a shareholder of Kyivstar and a Nasdaq-listed group, plans to invest $1 billion in Ukraine from 2023–2027 through social infrastructure and tech development, charitable contributions, and strategic acquisitions. Kyivstar has operated in Ukraine for over 27 years.
