UPDATE 2-Austria's FACC launches IPO worth up to 235 mln euros
* Share sale to raise up to 235 mln euros
* Offer runs to June 23, Vienna listing set for June 25
* Shares to be priced in range of 8 to 11 euros (Adds comments from news conference, background)
By Angelika Gruber
VIENNA, June 4 (Reuters) - 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.
The offer includes a private placement to institutional investors plus an offer to Austrian investors that is set to run until June 23. A bookbuilding process will set the final price, with a Vienna Stock Exchange listing planned for June 25. Continued...