Deals
Carlyle-Backed StandardAero Nears Pricing IPO Above Range
- Company, investors sold 60 million shares for $24 each
- Aircraft maintenance firm’s share offering was oversubscribed
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StandardAero Inc. and some of the aircraft maintenance services provider’s investors raised $1.44 billion in an initial public offering, as companies seize the listings window before the US presidential election.
The offering priced at $24 per share, above a marketed range, according to a statement. StandardAero sold 53.25 million shares, and affiliates of Carlyle Group Inc. and Singaporean sovereign wealth investor GIC Pte sold 6.75 million shares. The shares were marketed for $20 to $23 each.