Ukraine's Kyivstar jumps in landmark Nasdaq listing after SPAC deal close

Kyivstar

15/08/2025 11:14

** Mobile operator Kyivstar's KYIV.O shares rise 11.7% to $14.18 premarket in landmark Nasdaq listing, a day after closing SPAC merger

** KYIV went public after clinching a $2.2 billion SPAC merger with Betsy Cohen's special purpose acquisition company, Cohen Circle Acquisition Corp I CCIR.O, becoming the first Ukraine-based company to list on a U.S. stock exchange

** KYIV's parent, telecom group VEON VEON.O, holds an 89.6% stake in the company

** Listing coincides with a highly anticipated summit between U.S. President Donald Trump and Russian President Vladimir Putin in Alaska

** KYIV, the market leader in Ukraine with more than 24 million subscribers, secured $178 million in transaction proceeds from the SPAC deal

** CEO Oleksandr Komarov says Russia-Ukraine peace deal will boost KYIV value

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))