Russia’s PIK mulls SPO to increase liquidity – CEO

Russian real estate developer PIK (PIKK.MM) is considering options to increase its free float, including a secondary share offering, as it approaches the requirements for the MSCI index inclusion, chief executive Sergei Gordeev said on Thursday.

“We are considering various options to increase the liquidity and free float of our stock, including an SPO, with the possibility to raise new capital given our ambitious growth plans,” Gordeev said in an email.

“A definitive decision with respect to any specific course of action will be taken later depending on market conditions.”