The Caucasus and Central Asia are well wired – survey
3 hours ago
Ukraine’s largest mobile operator, Kyivstar, is set to become the first Ukrainian company to list on a US stock exchange, with plans to debut on the Nasdaq later this year. The company could raise between $50mn and $200mn through the listing.
“The first Ukrainian company on the US stock exchange could immediately raise up to $200M,” the company said, noting that the Nasdaq debut would mark a milestone for the country’s corporate sector. Kyivstar is valued at $2.21bn.
The company’s parent, Dubai-based VEON, will retain at least 80% of the shares after the offering. “Kyivstar” will be the first Ukrainian company listed on a US stock exchange, according to the company.
Founded in 1994, Kyivstar has grown to become Ukraine’s dominant mobile operator, serving millions of subscribers nationwide. The company has continued to invest in network expansion and digital services despite the impact of the war, with mobile connectivity viewed as critical infrastructure during the conflict.
The offering is expected to attract interest from international investors seeking exposure to Ukraine’s telecommunications sector and to test market appetite for listings from companies operating in high-risk environments.
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