(Reuters) - Aviation service provider StandardAero, backed by buyout firm Carlyle Group, said on Monday it is seeking a valuation of up to $7.5 billion in its initial public offering in the United States.

The company is targeting proceeds of up to $1.07 billion, selling 46.5 million shares priced between $20 and $23 each.

The IPO comes as the aviation sector recovers from a COVID-19 pandemic-led slump.

J.P. Morgan and Morgan Stanley are among the underwriters for the IPO. The company is looking to list on the New York Stock Exchange under the symbol "SARO."