StandardAero’s IPO Pricing

By Echo Wang

NEW YORK (Reuters) – StandardAero, a U.S. aircraft maintenance services provider, priced its U.S. initial public offering above its indicated range, raising $1.44 billion, according to sources familiar with the matter.

Based in Scottsdale, Arizona, and backed by buyout firm Carlyle, StandardAero priced its offering at $24 per share, exceeding the initial range of $20 to $23. This information was shared by sources on Tuesday, who requested anonymity due to the confidential nature of the discussions.

The company, in conjunction with some of its existing shareholders, sold 60 million shares to generate the $1.44 billion, making this the biggest U.S. IPO since cold-storage warehouse operator Lineage raised $4.45 billion in June.

With this IPO, StandardAero is valued at approximately $8 billion, based on around 334.5 million outstanding shares.

StandardAero and Carlyle did not immediately respond to queries for comment.

(This story has been refiled to remove an extraneous word in paragraph 1)