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Kyivstar will become the first Ukrainian company which shares will be listed on the US stock exchange.

Recently, on March 18, Kyivstar, one of the biggest Ukrainian mobile operators, was valued at $2.21 billion. It was pre-evaluated before the initial public obligations (IPO) on the NASDAQ stock exchange in New York. It was reported by Kyivstar’s mother company, VEON.

VEON will own at least 80% of the outstanding shares of the Kyivstar group of companies immediately upon the closing of the business combination transaction, which is expected to occur in the third quarter of 2025 and is subject to Cohen Circle shareholder approval.

After a complete exit from russia in 2023, VEON has strengthened ties with the United States, including as part of its $1 billion investment plan in Ukraine by 2027.

It is also known that in 2023, former US Secretary of State Mike Pompeo, who worked under the first Trump administration, joined the board of directors of Kyivstar.

Kyivstar provides 24 million customers with fixed and mobile network services in Ukraine. The digital service portfolio includes the medical platform Helsi with more than 28 million registered patients and the streaming platform Kyivstar TV with 2 million active users per month.

Notably, Kyivstar has significantly increased the mobile network fee in Ukraine at the end of 2024. “We believe that Kyivstar’s strong financial profile, forward-looking strategy and solid management structure will be attractive to international investors,” said VEON CEO Kaan Terzioglu.

As reported, the placement of part of the shares of the mobile operator Kyivstar on the stock exchange Nasdaq Stock Market LLC will probably take place in the third quarter of 2025. The company also received permission for its actions from the owners of bonds due in 2027.