Oct 17 (Reuters) - Grupo Aeroméxico is targeting a

valuation of up to $2.92 billion in its initial public offering

in the U.S., the Mexican airline said on Friday.

Mexico City-based Aeroméxico and some of its existing

shareholders are seeking up to $234.5 million by offering 11.7

million American Depositary Shares priced between $18 and $20

each.

Mature companies often seek a return to public markets after

a successful reorganization under bankruptcy.

Barclays, Morgan Stanley, J.P. Morgan and Evercore are the

joint lead book-running managers. Aeroméxico plans to list on

the New York Stock Exchange under the symbol "AERO."