07:58 AM EDT, 09/23/2024 (MT Newswires) -- Carlyle Group ( CG )-backed (CG) StandardAero is seeking to sell 46.5 million shares of stock at an anticipated price of $20 to $23 per share in an initial public offering, the company said in a regulatory filing Monday.

No date has yet been set for the offering. StandardAero expects to trade on the New York Stock Exchange under the symbol SARO.

The companies are also granting underwriters an option to purchase up to 7 million additional shares at the public offering price.

StandardAero said it will not receive proceeds from the sale, which will benefit The Carlyle Group ( CG ) and GIC, Singapore's sovereign wealth fund.

The company said Janus Henderson Investors and Norges Bank have already agreed to purchase $275 million worth of shares at the initial public offering price.