**Ukraine’s Leading Mobile Operator Seeks Up to $200 Million in Nasdaq Debut**
Kyivstar, Ukraine’s top mobile operator, is set to become the first Ukrainian company listed on Nasdaq. The move is expected to raise between $50 million and $200 million for the telecom giant. According to Reuters, Kyivstar will be listed on the US stock exchange through a special purpose acquisition company (SPAC) created by Cohen Circle, a New York-based investment firm.
**A Major Milestone for Ukraine’s Reconstruction Efforts**
The listing is seen as a major milestone for Ukraine’s reconstruction efforts. The parent company, Veon, hopes that Kyivstar’s Nasdaq debut will generate investor interest in Ukrainian assets and pave the way for further investments in the country. This move comes ahead of Ukraine’s reconstruction efforts, which aim to rebuild and revitalize the country’s economy after years of conflict.
**Kyivstar’s Growth and Expansion Plans**
Kyivstar serves 24 million subscribers in Ukraine and has already secured at least $52 million in commitments from institutional investors. The company has been expanding its services, having acquired ride-hailing service Uklon for $155 million in March. In December 2024, Kyivstar announced a partnership with Elon Musk’s SpaceX to access Starlink’s direct-to-cell service.
**A Strategic Partnership**
The listing is expected to be approved by the final shareholder meeting on August 12, marking the last step before submitting filings to regulators. The move has garnered support from U.S., Ukrainian, and European Union authorities, according to Veon Chief Executive Kaan Terzioglu.
**Implications for Ukraine’s Economy**
Kyivstar’s listing on Nasdaq is a significant event for Ukraine’s economy. It paves the way for further investments in the country and demonstrates the potential of Ukrainian businesses to attract international investors. As Kyivstar prepares to trade on Nasdaq under the ticker KYIV, the country’s reconstruction efforts are set to receive a major boost.
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