04:23 AM EDT, 10/02/2024 (MT Newswires) -- StandardAero ( SARO ) said late Tuesday it priced its initial public offering of 60 million common shares at $24 per share, upsized from 46.5 million shares.

The aerospace services provider previously disclosed an indicative price range of $20 to $23 per share.

The IPO includes about 53.3 million shares to be issued and sold by StandardAero ( SARO ) and about 6.8 million shares to be sold by existing stockholders.

The selling stockholders have granted the underwriters a 30-day option to buy up to 9 million additional shares.

The shares are expected to start trading on the New York Stock Exchange under the symbol "SARO" on Wednesday. The offering is expected to close Thursday.