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Latham & Watkins Advises PIK on RUB36 Billion Offering

Moscow team represents largest Russian residential developer and fast-growing tech company in its secondary offering.

October 15, 2021

Latham & Watkins advised PJSC, “PIK-specialized homebuilder” (PIK), the largest Russian residential developer and a fast-growing technology company, on the secondary public offering of quasi treasury ordinary shares of PIK by LLC PIK-INVESTPROEKT, a 100% owned subsidiary of PIK (the Offering). Based on the results of the bookbuilding, the offer price was set at RUB1,275 per share, with the total size of the Offering totalling RUB36,285,225,000.

The Latham team was led by Moscow corporate partners Olga Ponomarenko and David Stewart, with counsel Edward Kempson, and associates Alexander Kartyshev and Anton Vologin.

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