Carlyle-backed aviation services provider StandardAero is targeting a valuation of up to $7.69 billion in an upsized initial public offering, underscoring the strong investor appetite for profitable companies with scale.

Carlyle-backed aviation services provider StandardAero said on Friday it, along with its investors, was aiming to raise up to $1.38 billion in its upsized initial public offering in the United States.

Carlyle-backed aviation services provider StandardAero said on Friday it, along with its investors, was aiming to raise up to $1.38 billion in its upsized initial public offering in the United States.

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.

StandardAero's shares opened 29% above the initial public offering price in their market debut on Wednesday, giving the Carlyle-backed aviation maintenance services provider a market value of about $10.

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's (NYSE:SARO) stock on Wednesday surged by 36% in its stock-market debut for the jet-engine repair and maintenance business. Its initial public offering was significant in topping $1 billion in proceeds.

StandardAero, a U.S. aircraft maintenance services provider, priced its U.S. initial public offering above its indicated range to raise $1.44 billion, the company said on Tuesday. Scottsdale, Arizona-based StandardAero,