Kyivstar Raises $178M in Nasdaq Debut
Kyivstar Group has raised $178 million after going public on the Nasdaq stock exchange in the United States. The company’s initial forecast had projected proceeds between $50 million and $200 million.
- When listing, Kyivstar Group was valued at $2.3 billion.
- Shares began trading on Nasdaq under the ticker KYIV on August 15, 2025.
Analysts expect the first weeks of trading to be volatile, given global political uncertainty, including ongoing negotiations between Donald Trump and Vladimir Putin in Alaska and their planned continuation.
Kyivstar entered Nasdaq via a SPAC merger rather than a traditional IPO, and it is inaccurate to describe the process as an IPO. To structure the deal, Veon created a new entity — Kyivstar Group — headquartered in Dubai, which owns the Ukrainian operator Kyivstar. This new holding company went public, with Veon retaining its position as majority shareholder.
Kyivstar now holds the distinction of being the first Ukrainian company to list on a US stock exchange.
Kyivstar Raises $178M in Nasdaq Debut
Kyivstar Group has raised $178 million after going public on the Nasdaq stock exchange in the United States. The company’s initial forecast had projected proceeds between $50 million and $200 million.
- When listing, Kyivstar Group was valued at $2.3 billion.
- Shares began trading on Nasdaq under the ticker KYIV on August 15, 2025.
Analysts expect the first weeks of trading to be volatile, given global political uncertainty, including ongoing negotiations between Donald Trump and Vladimir Putin in Alaska and their planned continuation.
Kyivstar entered Nasdaq via a SPAC merger rather than a traditional IPO, and it is inaccurate to describe the process as an IPO. To structure the deal, Veon created a new entity — Kyivstar Group — headquartered in Dubai, which owns the Ukrainian operator Kyivstar. This new holding company went public, with Veon retaining its position as majority shareholder.
Kyivstar now holds the distinction of being the first Ukrainian company to list on a US stock exchange.
