Kyivstar’s Market Cap Surpasses $3.5B on Nasdaq
Kyivstar Group (for simplicity referred to here as Kyivstar) began trading on the Nasdaq stock exchange on August 15. Since its debut, the company’s market capitalization has already grown by 50% from its initial level.
By the close of trading on August 19, Kyivstar shares were priced above $15 per unit, holding steady at that level. At its peak, the stock even reached $16.40 per unit.
Overall, shares have risen significantly since the KYIV ticker first appeared on Nasdaq, climbing from $11.40 to $15.17.
Thanks to this growth, Kyivstar’s market capitalization now exceeds $3.5 billion — well above the $2.2 billion valuation the company had when it listed. The telecom operator has demonstrated substantial momentum in the US market in just a few days.
Early backers of Kyivstar have already seen solid gains. As a reminder, a SPAC company goes public under stock exchange rules with an initial valuation of $10 per share. That means investors who bought into the SPAC structure early on could already be up about 50% quickly. Even Cohan Circle, the SPAC that merged with Kyivstar’s parent Veon, was trading below $11 per share when the deal was announced. For those who held, the transaction delivered a strong return over roughly six months.
Kyivstar’s Market Cap Surpasses $3.5B on Nasdaq
Kyivstar Group (for simplicity referred to here as Kyivstar) began trading on the Nasdaq stock exchange on August 15. Since its debut, the company’s market capitalization has already grown by 50% from its initial level.
By the close of trading on August 19, Kyivstar shares were priced above $15 per unit, holding steady at that level. At its peak, the stock even reached $16.40 per unit.
Overall, shares have risen significantly since the KYIV ticker first appeared on Nasdaq, climbing from $11.40 to $15.17.
Thanks to this growth, Kyivstar’s market capitalization now exceeds $3.5 billion — well above the $2.2 billion valuation the company had when it listed. The telecom operator has demonstrated substantial momentum in the US market in just a few days.
Early backers of Kyivstar have already seen solid gains. As a reminder, a SPAC company goes public under stock exchange rules with an initial valuation of $10 per share. That means investors who bought into the SPAC structure early on could already be up about 50% quickly. Even Cohan Circle, the SPAC that merged with Kyivstar’s parent Veon, was trading below $11 per share when the deal was announced. For those who held, the transaction delivered a strong return over roughly six months.
