Detsky Mir launches Moscow IPO, aiming for $1.3bn valuation

Aidan Gregory

January 26, 2017 01:00 PM

Detsky_Mir_AP_230x150 — People are seen inside the Detsky Mir (Children's World) Department Store in Moscow, Monday, June 30, 2008. The landmark Moscow children?s store will close July 1 for a massive, two-year refit, which is expected to cost US$200 million. the hulking block-long building across from the KGB's notorious Lubyanka headquarters closed Tuesday July 1 2008 for major renovations, the latest landmark to be torn down or tarted up in the malling of Moscow. While the arched facade will remain, the interior will be gutted and replaced with a six-story glass atrium containing a food court and cinemas. (AP Photo/Dmitry Lovetsky) | Dmitry Lovetsky/ASSOCIATED PRESS

Detsky Mir, the Russian toy retailer, has announced the price range for its Moscow IPO, which could value the business at up to Rb77.6bn ($1.3bn).

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Topics

Central and Eastern Europe (CEE)Credit Suisse Equity IPOs UBS Equity EMEA Russia Morgan Stanley Sberbank CIB Europe Emerging Markets CEE Equity CEE Goldman Sachs

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Aidan Gregory