PIK Russian real estate IPO may be priced in bottom half

31 May 2007

Deutsche Bank, Morgan Stanley and Nomura had yet to price the $1.8bn-$2.2bn float of Russian real estate group PIK as EuroWeek went to press, but the deal looks certain to become the biggest non-Reit property flotation ever. Bankers involved in the deal said that it would price within ...

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