StandardAero's IPO Soars Beyond Expectations, Raises $1.44 Billion
StandardAero, a U.S.-based aircraft maintenance services provider, has successfully raised $1.44 billion in its initial public offering, pricing shares at $24 each, above its projected range. Backed by Carlyle, the IPO is the largest in the U.S. since June and values the company at approximately $8 billion.
StandardAero, a prominent U.S. aircraft maintenance services provider, has exceeded expectations by raising $1.44 billion through its U.S. initial public offering, according to insider sources on Tuesday.
Based in Scottsdale, Arizona, and supported by the buyout firm Carlyle, StandardAero priced its shares at $24 each, surpassing the anticipated range of $20 to $23. The company and its existing shareholders collectively sold 60 million shares, marking the largest U.S. IPO since cold-storage warehouse operator Lineage amassed $4.45 billion in June.
This IPO propels StandardAero's valuation to around $8 billion, based on 334.5 million outstanding shares. Despite the upsized offering announced last week, neither StandardAero nor Carlyle has issued a comment on the matter so far.
(With inputs from agencies.)
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