Kyivstar Group Ltd. Announces Closing of Secondary Offering of Common Shares
Rhea-AI Summary
Kyivstar Group (Nasdaq: KYIV) closed a secondary public offering of 14,375,000 common shares at USD 10.50 per share on February 2, 2026. The Offering was oversubscribed 5x and included an overallotment exercise of 1,875,000 shares.
Selling shareholders included VEON Amsterdam B.V. and certain other holders (400,000 shares); following the Offering VEON's ownership stands at 83.6%. The registration statement on Form F-1 was filed January 28, 2026 and declared effective January 29, 2026.
Positive
- Offering oversubscribed 5x, indicating strong investor demand
- Underwriters exercised 1,875,000-share overallotment option in full
- VEON remains majority holder at 83.6% post-offering
Negative
- None.
News Market Reaction
On the day this news was published, KYIVW gained 4.22%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
KYIV was up 1.41% while key telecom peers like TEO (-2.24%) and GSAT (-1.36%) were down, with Liberty Global lines roughly flat, pointing to stock-specific drivers rather than a sector-wide move.
Previous Offering Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 29 | Secondary offering pricing | Neutral | +0.3% | Pricing of secondary sale of 12.5M shares at $10.50 by selling holders. |
The prior offering-tagged announcement, detailing pricing of the same secondary sale, saw a modest 0.33% positive move, suggesting past offering-related headlines have coincided with relatively muted price reactions.
Recent disclosures show a sequence of capital-markets and growth milestones. The Jan 29, 2026 pricing announcement for this secondary offering at $10.50 per share led to a mild 0.33% move. Around this, Kyivstar highlighted network expansion via a 5G pilot in Lviv and rapid uptake of its Starlink Direct to Cell service. Together with multiple resale prospectuses and F-1 filings, the company has steadily increased market transparency and liquidity while executing on connectivity and energy-resilience investments.
Historical Comparison
Past offering-related news (1 event) led to an average 0.33% move, indicating historically muted market reactions to secondary-share headlines at Kyivstar.
This closing announcement follows the prior pricing of the same secondary transaction, completing the offering process by existing shareholders.
Market Pulse Summary
This announcement confirms the closing and full underwriter exercise for a secondary sale of 14,375,000 shares at $10.50, largely by VEON and other holders, with VEON retaining 83.6%. Prior filings indicate Kyivstar does not receive proceeds, so operational funding depends on existing resources and cash flows. Investors may track upcoming 2025 results, war-related risk disclosures, and any further equity or warrant activity as key indicators.
Key Terms
secondary public offering financial
underwriters’ option financial
registration statement on Form F-1 regulatory
prospectus regulatory
AI-generated analysis. Not financial advice.
KYIV, Ukraine and NEW YORK, Feb. 03, 2026 (GLOBE NEWSWIRE) -- Kyivstar Group Ltd. (Nasdaq: KYIV; KYIVW) (the “Company”), Ukraine’s leading digital operator, is pleased to announce the closing of a secondary public offering of 14,375,000 of its common shares (the “Offering”), at a public offering price of USD 10.50 per share. The Offering, which was over-subscribed by 5 times, closed on February 2, 2026, and included Kyivstar shares held by VEON Amsterdam B.V., the principal shareholder of the Company, and 400,000 common shares held by certain other selling shareholders.
“I want to thank international investors for their continued interest in Kyivstar. This successful offering demonstrates once again that there is investor demand for innovative, well-run Ukrainian companies like Kyivstar already today,” said Kyivstar Group President Oleksandr Komarov. “We look forward to the next stages of Kyivstar’s journey as a public company. We also remain committed to working towards our goal of making it possible for people in Ukraine, to have the chance to invest in Kyivstar and be part of the Kyivstar story.”
Following the Offering, VEON’s ownership of Kyivstar Group Ltd. now stands at
The Offering included the exercise in full of the underwriters’ option to purchase an additional 1,875,000 common shares.
Morgan Stanley, Barclays, Cantor and Rothschild & Co. acted as joint booking-running managers and as representatives of the underwriters for the Offering. Benchmark, a StoneX Company and Northland Capital Markets acted as co-managers for the Offering.
Further information on the Offering
The Offering was made pursuant to a registration statement on Form F-1 which was filed on January 28, 2026 with the Securities and Exchange Commission (“SEC”), and declared effective on January 29, 2026, and the accompanying prospectus. A final prospectus relating to and describing the terms of the Offering has been filed with the SEC and is available on the SEC’s website at www.sec.gov. Copies of the final prospectus relating to the Offering may also be obtained from:
- Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014;
- Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847, or by email at barclaysprospectus@broadridge.com;
- Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, 6th Floor, New York, New York 10022, or by email at prospectus@cantor.com; and
- Rothschild & Co US Inc., 1251 Avenue of the Americas, New York, NY 10020.
About Kyivstar Group Ltd.
Kyivstar Group Ltd. is a Nasdaq-listed holding company that operates JSC Kyivstar, Ukraine’s leading digital operator and the first Ukrainian company to list on a U.S. stock exchange. Kyivstar’s companies provide a broad range of connectivity and digital services, including mobile and fixed-line voice and data, ride-hailing, e-health, digital TV, and enterprise solutions such as Big Data, cloud, and cybersecurity.
Together with VEON, Kyivstar intends to invest USD 1 billion in Ukraine between 2023-2027, through investments in infrastructure, technological development and strategic acquisitions, as well as charitable donations for social projects. For more information, please visit https://investors.kyivstar.ua.
Disclaimer
This press release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements relating to, among other things, the timing of the closing of the Offering. There are numerous risks and uncertainties that could cause actual results and performance to differ materially from those expressed by such statements, including risks relating to the timing of the closing of the Offering , among others discussed in the section entitled “Risk Factors” included in the registration statement on Form F-1 filed by Kyivstar with the SEC on January 28, 2026, as amended and supplemented from time to time, and in any other subsequent filings with the SEC by Kyivstar Group. The forward-looking statements contained herein speak only as of the date of this release and Kyivstar disclaims any obligation to update them, except as required by applicable laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
Contact information
Kyivstar Group Ltd.
Investor Relations
Additional information: pr@kyivstar.net, www.kyivstar.ua.
FAQ
What did KYIV announce on February 3, 2026 about the secondary offering?
How did the KYIV offering affect VEON's ownership stake in Kyivstar Group?
How many additional shares were sold through the underwriters' option in the KYIV deal?
Where can investors find the KYIV offering prospectus and regulatory filings?
