Chinese-owned aviation parts supplier FACC aims to raise up to 235 million euros ($320 million) in Austria's biggest stock market listing in more than three years.The deal is the largest initial public offering (IPO) in Vienna since aluminium maker AMAG AG raised 420 million in 2011 and is a shot in the arm for stock exchange, which saw trading volumes dwindle and IPOs dry up during the financial crisis.Global IPOs almost doubled in value in the first quarter of 2014, Thomson Reuters data show, with Europe leading the way thanks to a nascent economic recovery that lifted investors' confidence and stock markets.FACC, owned by Aviation Industry Corp of China, set a price range of 8 to 11 euros for the up to a combined 21.7 million shares on offer from existing stock and a 150 million euro capital increase. It has a greenshoe overallotment option for 2.2 million shares.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.47% or $-0.16/share to $34.23. In the past year, the shares have traded as low as $31.38 and as high as $38.73. On average, 804070 shares of TRI exchange hands on a given day and today's volume is recorded at 468714.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.21% or $-0.08/share to $37.46. In the past year, the shares have traded as low as $33.08 and as high as $42.10. On average, 741028 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 126302.
Source
