24
Tue, Dec
91 New Articles

Latham & Watkins Advises PIK on RUB 36 Billion Public Offering

Latham & Watkins Advises PIK on RUB 36 Billion Public Offering

Russia
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Latham & Watkins has advised PIK Specialized Homebuilder on the secondary public offering of quasi treasury ordinary PIK shares by its fully owned subsidiary PIK Investproekt.

According to Latham & Watkins, PIK is the largest Russian residential developer and a fast-growing technology company. “Based on the results of the bookbuilding, the offer price was set at RUB 1,275 per share, with the total size of the offering totaling RUB 36.28 billion.”

The Latham & Watkins team was led by Partners Olga Ponomarenko and David Stewart and included Counsel Edward Kempson and Associates Alexander Kartyshev and Anton Vologin.

Latham & Watkins did not reply to our inquiry on the matter.