VEON is considering an IPO for Kyivstar in the US in 2025

The telecommunications group VEON is considering the possibility of an initial public offering (IPO) of its Ukrainian division Kyivstar in the United States as early as next year, writes inventure.com.ua.

Illustrative photo

VEON CEO Kaan Terzioglu said: “We have not made these decisions yet, but we intend to consider an initial public offering of our local assets. And, obviously, Kyivstar is one of those assets that can be in the course of this process."

If the IPO takes place, Kyivstar will become the first Ukrainian company whose shares will be listed on the stock exchange in the United States.

Terzioglu said VEON has not held any talks with Ukrainian officials on the subject, as the process is still at an early stage.

Earlier, he hinted at a possible listing in Warsaw or London.

"For Ukraine, I think a local IPO in the Ukrainian market is probably a bit more of a long-term issue than an IPO in the international market," the CEO said.

The VEON company confirmed its commitment to invest $1 billion in the digital infrastructure of Ukraine by 2027.

"We have almost half a billion dollars in cash in Ukraine, so we will continue to invest," said Terzioglu.

When asked whether the re-election of Donald Trump could affect VEON's operations in Ukraine, Terzioglu said that his monetary and energy policies are "very positive from the point of view of the frontier markets," as are VEON's policies.

VEON, which recently moved its headquarters to Dubai and will complete its delisting in Amsterdam on November 25 to be listed exclusively in the US, is also working on a potential listing of its Pakistani unit Jazz.

Read also on Newsky "Nothing about Ukraine without Ukraine - insists Poland" and look at "Boring Pence" YouTube channels.

To always be aware of events, subscribe to TG channel Newsky. We also recommend current discussions of friends of Ukraine in North America on Rashkin Report YouTube channels.