FACC sees off turbulence to open Austrian IPO market

By Andrew Griffin
26 Jun 2014

Austrian aircraft parts manufacturer FACC raised €213m through its IPO on Tuesday, seeing off volatility in the aviation sector to open up the Austrian IPO market with the first deal in years.

The company sold shares in the middle of its €8-€11 range, valuing the firm at €435m and putting 49% of it into free float if the greenshoe for 10% of the deal size is fully used. The company's owner, Aviation Industry Corp of China, sold €44m of shares ...

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