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,

StandardAero Inc. is seeking to raise $1.1 billion in its initial public offering, after its backer Carlyle Group Inc. had decided to pursue a listing for the aircraft maintenance services provider rather than a sale.

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.

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.

StandardAero, a U.S. aircraft maintenance services provider, is set to price its U.S. initial public offering above its indicated range, setting it up for one of the biggest stock market debuts this year,