Carlyle-backed StandardAero racked up a $10.38 billion valuation after its shares opened 29% above the offer price in their NYSE debut on Wednesday, as investors bought into what could be one of the last major U.

StandardAero Inc. shares climbed 31% in the aircraft maintenance services provider’s trading debut, after the firm and some of its investors raised $1.44 billion in an initial public offering.

Wednesday as one of the few IPOs to top $1 billion so far in 2024. StandardAero priced 60 million shares at $24 a share for proceeds of $1.44 billion with underwriters Goldman Sachs, KKR, Jefferies, Morgan Stanley,

StandardAero, a U.S. aircraft maintenance services provider, priced its U.S. initial public offering above its indicated range to raise $1.44 billion, people familiar with the matter said on Tuesday.

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.

Independent pure-play provider of aerospace engine aftermarket services company - StandardAero (NYSE:SARO) priced its initial public offering of 60M shares at a public offering price of $24.00 per share.