PIK GROUP's CEO interview in Vedomosti on the GROUP's IPO (English Language Translation)
Aug 24, 2007
Kirill Pisarev, President of PIK Group, made a lot of unexpected findings during and after the IPO
Until recently, Sekisui House has been the world’s most expensive development company. It was listed on the Tokyo Stock Exchange in 1970, and its current value is $9,25 bln. This year several Russian development companies listed on the LSE, and had a great impact upon the world’s business community: PIK Group listed in London on 1st June, and its market capitalisation reached an unprecedented $12,3 bln. Among the Russian companies traded on the LSE, PIK Group is comparable with Sistema Hals ($13 bln) and Magnitogorsk Iron & Steel Works ($11,6 bln). In his interview with Vedomosti, Kirill Pisarev, President, CEO and Co-Founder of PIK Group, commented on why Russian development companies go public via foreign stock exchanges and specifically why PIK Group did it.
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