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When Kyivstar became the first Ukrainian company to list on a US stock exchange, the milestone represented more than a landmark capital markets transaction. This case study showcases how UHY LLP supported the telecoms and digital services leader through a complex Nasdaq listing process, combining technical expertise, cross-border collaboration and a client-focused approach to help deliver a historic outcome.
Kyivstar - a Nasdaq first (Case study)
- Kyivstar became the first Ukrainian company to list on a US stock exchange, with a Nasdaq debut that valued the business at approximately USD 2.21 billion.
- UHY LLP was appointed as auditor and played a key role in supporting the company’s journey to a successful public listing.
- The engagement involved complex cross-border audit requirements, including multi-year IFRS carve-out audits and SEC-related reporting obligations.
- Kyivstar and parent company VEON praised UHY’s technical expertise, communication, efficiency and understanding of their business needs.
- The project highlights UHY’s strength in supporting large-scale international transactions and serving clients operating across multiple markets and regulatory environments.
This article was first published in UHY Global magazine issue 22, in July 2026, and is reproduced with permission.
