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Kyivstar Shares Soar 22% Amid Trump's Peace Push
ByAinvest
Tuesday, Aug 19, 2025 9:54 am ET1min read
Shares of Kyivstar Group Ltd., Ukraine's largest mobile operator, surged up to 22% in their third trading session after going public in the US through a merger with a blank-check firm. The gains come as US President Donald Trump accelerates efforts to end the war in Ukraine. Kyivstar is majority owned by Dubai-based telecom Veon Ltd. and counts former Secretary of State Mike Pompeo as a board member.
Shares of Kyivstar Group Ltd., Ukraine's largest mobile operator, surged up to 22% in their third trading session since the company went public in the US by merging with a blank-check firm. The gains come as US President Donald Trump accelerates efforts to end the war in Ukraine. Kyivstar is majority owned by Dubai-based telecom Veon Ltd. and counts former Secretary of State Mike Pompeo as a board member.The company, which serves nearly 23 million mobile customers in Ukraine, saw its shares rise to $15.86 from an opening price of $13.86 on the Nasdaq Stock Market [1]. The merger, which closed on Thursday, marks a significant milestone for Kyivstar Group, making it the first Ukrainian company to list on a U.S. stock exchange. The company's parent, telecom group VEON (VEON), retains an 89.6% stake in the newly listed entity [2].
The stock surge coincides with a highly anticipated summit between US President Donald Trump and Russian President Vladimir Putin in Alaska, which could potentially impact peace negotiations between the two countries [1]. Investors have favored companies linked to an end to the war in Ukraine this year. A UBS basket of European stocks is up 32% year-to-date, reflecting investor optimism [1]. Veon's stock also rose 4% on Monday, reflecting investor confidence in the company's strategic move [1].
Kyivstar Group's CEO, Oleksandr Komarov, has expressed optimism about the company's prospects. He stated that a Russia-Ukraine peace deal could boost the company's value [1]. Additionally, Kyivstar Group is planning to launch Direct-to-Cell connectivity in the fourth quarter of 2025 in partnership with Elon Musk's Starlink, which could further enhance the company's connectivity capabilities [3].
The successful merger and listing of Kyivstar Group on the Nasdaq Stock Market indicate the company's strategic positioning for increased visibility and potential capital access, which could accelerate technological deployments and market expansion [2].
References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L6N3U70CX:0-ukraine-s-kyivstar-jumps-in-landmark-nasdaq-listing-after-spac-deal-close/
[2] https://www.datacenterdynamics.com/en/news/kyivstar-edges-closer-to-nasdaq-listing-via-spac-merger-with-cohen-circle/
[3] https://www.ainvest.com/news/veon-successfully-tests-starlink-direct-cell-technology-ukraine-enhancing-connectivity-2508/
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