Domodedovo holding co wants to place 20% of shares in airport IPO

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Domodedovo holding co wants to place 20% of shares in airport IPO - source

MOSCOW. May 19 (Interfax) - The holding company for Moscow-area airport Domodedovo, DME Ltd, wants to place some 20% of shares during the airport's upcoming initial public offering, a financial-market source told Interfax.

Goldman Sachs, one of the IPO organizers, has appraised Domodedovo at from $3.5 billion to $7.5 billion.

JP Morgan, another of the IPO organizers, has estimated the company's value at at least 130 billion rubles, another financial-market source told Interfax earlier.

"The upper bar of the valuation is higher than the lower by 15 percent," this source said. This appraisal is in line with the company's predicted EV/EBITDA ratio of 9-10 for 2011.