Detsky Mir trims Moscow IPO pricing

Aidan Gregory

February 06, 2017 04:00 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 childrens store will close July 1 for a massive, two-year refit, which is expected to cost US$200 million. 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 revised the price range for its Rb21.1bn ($350m) Moscow IPO to Rb85 to Rb90 a share, the bottom end of the initial Rb85 to Rb105 range.

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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