PropertyEU

PIK raises EUR 1.4 bn in Europe's biggest developer IPO

By A staff reporter 2007-06-01T00:00:00

Russian residential builder PIK Group has sold some 74 million shares at $25 each in the biggest Initial Public Offering (IPO) by a developer in Europe. PIK raised $ 1.85 bn (about EUR 1.4 bn) in the IPO which values the group at $12.3 bn. Net proceeds amounting to $895 ...

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