Kyivstar Group Completes Business Combination with Cohen Circle Ahead of Historic Listing on Nasdaq

Kyivstar Group Ltd. has completed its business combination with Cohen Circle Acquisition Corp. I, making it a U.S.-listed company. The combined entity will operate as Kyivstar Group Ltd. and trade on Nasdaq under the ticker symbols "KYIV" and "KYIVW." VEON holds an 89.6% stake in Kyivstar Group Ltd. The listing on Nasdaq makes Kyivstar the first and only pure-play Ukrainian investment opportunity in U.S. stock markets.

Kyivstar Group Ltd. has completed its business combination with Cohen Circle Acquisition Corp. I (NASDAQ: CCIR), marking a historic milestone as the first pure-play Ukrainian investment opportunity on U.S. stock markets. The combined company will begin trading on Nasdaq on August 15, 2025, under the symbols "KYIV" and "KYIVW". The transaction secured $178 million in proceeds, with only 25.4% redemption rate from Cohen Circle's public shareholders. VEON (Nasdaq: VEON) maintains an 89.6% stake in Kyivstar Group post-combination. Kyivstar serves 23 million mobile and 1.1 million fixed connectivity customers in Ukraine. The company's portfolio includes digital healthcare platform Helsi, entertainment streaming service Kyivstar TV, and ride-hailing platform Uklon. Additionally, Kyivstar plans to launch Starlink Direct to Cell services commercially in Q4 2025 [1].

The combined entity, Kyivstar Group Ltd., will operate as a U.S.-listed company, with common shares and warrants expected to start trading on Nasdaq on or about August 15, 2025. This listing will make Kyivstar the first and only pure-play Ukrainian investment opportunity in U.S. stock markets, opening new avenues for investors seeking high-growth opportunities in the Ukrainian market [1].

Prior to the extraordinary general meeting, only 25.4% of Cohen Circle's Class A ordinary shares held by its public shareholders had exercised their redemption rights, resulting in USD 178 million of transaction proceeds. Cohen Circle's shareholders approved the business combination at its extraordinary general meeting held on August 12, 2025. VEON, the parent company of Ukraine's leading digital operator JSC Kyivstar, holds an 89.6% stake in Kyivstar Group Ltd. post-combination [1].

Kyivstar Group Ltd. serves 23 million mobile and 1.1 million fixed connectivity customers in Ukraine, with a portfolio that includes digital healthcare platform Helsi, entertainment streaming service Kyivstar TV, and ride-hailing platform Uklon. Additionally, Kyivstar plans to launch Starlink Direct to Cell services commercially in Q4 2025, further enhancing its ability to deliver essential connectivity across Ukraine [1].

The listing on Nasdaq is a significant milestone for Kyivstar Group Ltd. and Ukraine as a whole, providing international investors with a unique opportunity to invest in the Ukrainian market. The combined entity's strong growth potential and robust execution make it an attractive investment option for those seeking high-growth opportunities [1].

References:
[1] https://www.stocktitan.net/news/CCIRU/ahead-of-its-historic-listing-on-nasdaq-kyivstar-group-completes-be0s6sz8u4kx.html