Kyvistar Brings Ukraine to the Nasdaq. It's a Play Now -- and After the War. -- Barrons.com
Executives from Kyivstar Group are ringing the Nasdaq opening bell Friday, capping off a busy few days of trans-Atlantic flights, presentations, and investor meetings for Ukraine's largest mobile and broadband operator.A delegation of business elites from the war-torn country descended on New York this week to drum up interest on Wall Street. Western investors, they say, have an opportunity to essentially buy low on Ukraine, more than 3 1/2 years after Russia invaded the country.Kyivstar has risen 0.3% since the SPAC merger, closing at $12.74 on Thursday.But the war isn't some kind of footnote. Kyivstar says it lost up to 3.1 million subscribers between January 2022 and December 2024 due in part to out-migration and the loss of territory. And a Russian cyberattack against the company in 2023 resulted in a full disruption of