Ukraine Telecom’s US Stock Jumps After Debut Amid Peace Talks

As a gathering in Washington raised hopes for an end to the war between Russia and Ukraine, investors snapped up the new US shares of the largest Ukrainian mobile operator that has former Secretary of State Mike Pompeo on its board.

Shares of Kyivstar Group Ltd. surged 17% on Monday, their second day of trading after the Veon Ltd. subsidiary went public by merging with a special-purpose acquisition company. The stock, which trades on the Nasdaq under the ticker KYIV, more than made up losses from its first day of trading.