Kyivstar to join NASDAQ via Cohen Circle Acquisition Corp
VEON Ltd. has completed the previously announced business combination between Kyivstar Group Ltd., Ukraine’s leading digital operator, and Cohen Circle Acquisition Corp. I. As a result, Kyivstar Group Ltd. will become a U.S.-listed public company on the Nasdaq Stock Market.
The combined company will operate under the name Kyivstar Group Ltd., with common shares and warrants expected to begin trading on or about 15 August 2025 under the ticker symbols KYIV and KYIVW. This transaction makes Kyivstar the first and only pure-play Ukrainian investment opportunity available on U.S. public markets. Following the closing, VEON will retain an 89.6% ownership stake in Kyivstar Group Ltd.
The transaction was approved by Cohen Circle shareholders on 12 August 2025, with limited redemptions resulting in approximately USD 178 million of gross proceeds, supported by institutional investors.
Kyivstar is Ukraine’s largest digital operator, serving nearly 23 million mobile customers and 1.1 million fixed-line customers. Its digital ecosystem includes Helsi, the country’s leading digital healthcare platform with 29 million registered users; Kyivstar TV; and Uklon, Ukraine’s leading ride-hailing and delivery platform. The company is also a major provider of enterprise services, offering cloud, cybersecurity, and AI solutions, and is expanding its software development capabilities through Kyivstar Tech.
The Nasdaq listing marks a significant milestone for Kyivstar, providing international investors access to a high-growth digital infrastructure platform and positioning the company as a flagship Ukrainian business on global capital markets.
