(Reuters) – Aviation service provider StandardAero, backed by buyout firm Carlyle Group (NASDAQ:), said on Monday it is seeking a valuation of up to $7.5 billion in its initial public offering in the United States.
The company is targeting proceeds of up to $1.07 billion, selling 46.5 million shares priced between $20 and $23 each.
The IPO comes as the aviation sector recovers from a COVID-19 pandemic-led slump.
J.P. Morgan and Morgan Stanley are among the underwriters for the IPO. The company is looking to list on the New York Stock Exchange under the symbol “SARO.”
