MOSCOW, Nov 19 (Reuters) - Teorema Holding, parent company of Russian real estate developer Teorema, has been valued ahead of its share offering at $1.39 billion to $1.82 billion by IPO coordinator Renaissance Capital, market sources said on Monday. Teorema, which operates in Russia's second-largest city of St Petersburg, said last week it planned an IPO of global depositary receipts (GDRs) on the London Stock Exchange. It seeks to raise $500 million before the end of this year.
Evaluation of Teorema without debt was between $1.07 billion and $1.49 billion, the financial sources said.
