Kyivstar shares will be listed on the Nasdaq stock exchange in the United States.

The parent company of the mobile operator “Kyivstar,” VEON, has announced the signing of a protocol with Cohen Circle aimed at bringing “Kyivstar” to the Nasdaq stock exchange in New York.

This was reported by the press service of the “Kyivstar” company.

It is noted that the completion of this transaction will make “Kyivstar” one of the first Ukrainian companies listed on the American stock exchange, allowing American and other international investors to participate directly in the growth of “Kyivstar” and the broader recovery of the Ukrainian economy.

“The agreement we have reached with Cohen Circle is a significant step in implementing VEON’s strategy aimed at increasing the investment attractiveness of our key assets, including through their listing on the stock exchange where appropriate. This move also underscores our commitment to the recovery of Ukraine by attracting investments,” stated Kaan Terzioglu, CEO of VEON Group.

The signing of the memorandum of understanding will enable VEON and Cohen Circle to explore the possibility of merging the business between VEON Holdings B.V. (“VEON Holdings”) and Cohen Circle to facilitate the indirect listing of “Kyivstar,” a subsidiary of VEON Holdings, on the Nasdaq stock exchange.

According to the announcement, VEON will continue to hold a majority stake in this company that will be listed on the stock exchange. The parties plan to announce additional details regarding the business merger after signing the final agreement, which is expected to occur before the beginning of the second quarter of 2025.

It is mentioned that as part of the preparation for the business merger, VEON will reorganize VEON Holdings, which will take place before the transaction is completed. This reorganization will be completed through a separation as provided by Dutch law, resulting in VEON Holdings, which will remain registered in the Netherlands, owning only “Kyivstar” and its subsidiaries, along with some other separate assets and liabilities. Meanwhile, the newly created company will own other core operational subsidiaries and assets of VEON.

Reference.

VEON is a digital communications operator headquartered in the Dubai International Financial Centre, listed on Nasdaq, providing converged connectivity and digital services to nearly 160 million customers.

Cohen Circle is a specialized asset acquisition company funded by Cohen Circle, LLC, established to effect mergers, capital exchanges, asset purchases, stock acquisitions, reorganizations, or similar business combinations with one or more companies operating in the technology and/or financial services sectors. Cohen Circle is listed on NASDAQ under the symbol “CCIRU.”

Background. Previously, Mind reported that “Kyivstar” and Starlink agreed on the implementation of Direct to Cell satellite communication in Ukraine. With this agreement, Ukraine may become one of the first countries to have access to innovative services.