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Russia's Detsky Mir valued at up to $2 bln ahead of IPO - sources

Reuters - UK Focus

MOSCOW, Jan 18 (Reuters) - Russian children's goods retailer Detsky Mir has been valued at 50 billion roubles-118 billion roubles ($844 million-$2 billion) by two of the five banks arranging its initial public offering, two financial market sources said on Wednesday.

Sberbank CIB estimates the company is worth 98-118 billion roubles, while Credit Suisse (IOB: 0QP5.IL - news) 's valuation is 50-108 billion roubles, the sources said.

Two other deal bookrunners, Morgan Stanley (Xetra: 885836 - news) and UBS , did not provide valuation in their analytical reports, the sources said.

Detsky Mir, controlled by the Sistema conglomerate, announced intention to list shares in Moscow on Monday. Goldman Sachs (NYSE: GS-PB - news) is also a bookrunner.

($1 = 59.2496 roubles) (Reporting by Olga Popova; writing by Maria Kiselyova)