10:59 AM EDT, 09/27/2024 (MT Newswires) -- Carlyle Group ( CG )-backed (CG) StandardAero plans to raise up to $1.38 billion in an upsized initial public offering, the company said in a regulatory filing Friday.

The aerospace services provider said it now seeks to sell 60 million shares at a price between $20 and $23 per share, with nearly 53.3 million offered by the company and the remainder by some of its existing investors.

The company previously planned to offer 46.5 million shares at the same expected price range. StandardAero expects to trade on the New York Stock Exchange under the "SARO" ticker symbol.

Morgan Stanley and J.P. Morgan are joint bookrunning managers for the IPO, according to the regulatory filing.

Price: 44.01, Change: +1.22, Percent Change: +2.85