StandardAero Sets Higher Price for Major IPO

StandardAero, a leading U.S. aircraft maintenance services provider, is expected to price its IPO above the indicated range, aiming for $24 per share. The IPO could raise $1.44 billion, valuing the company at roughly $8 billion. Carlyle-backed StandardAero reported a $8.6 million profit in the first half of 2024.

StandardAero, a prominent U.S. aircraft maintenance services provider, is poised to price its initial public offering (IPO) above its initially indicated range. Sources familiar with the situation disclosed that the Scottsdale, Arizona-based company plans to set its share price at $24, higher than the $20 to $23 range.

StandardAero, supported by buyout firm Carlyle, along with some existing shareholders, aims to sell 60 million shares to generate $1.44 billion. This would mark the biggest U.S. IPO since Lineage raised $4.45 billion in June, valuing StandardAero at approximately $8 billion.

The IPO signifies a significant moment for StandardAero as it seeks to start trading on the New York Stock Exchange under the ticker 'SARO'. With JPMorgan and Morgan Stanley leading the underwriting, the company is looking to navigate a recovering U.S. equity market landscape after a challenging summer.

(With inputs from agencies.)