StandardAero, Inc.

StandardAero, Inc. (SARO) priced its initial public offering on Oct 2, 2024 at $24.00 per share, above its $20.00–$23.00 range, raising $1.44B, and listed on NYSE. At the IPO price its market capitalization was about $8.03B. J.P. Morgan was lead-left underwriter, joined by Morgan Stanley, BofA Securities and UBS and others. Latham & Watkins advised the company and Milbank advised the underwriters.

Status

IPO

Ticker

SARO

Exchange

NYSE

Priced

Oct 2, 2024

IPO price

$24.00

Price range

$20.00–$23.00

Raised

$1.44B

Market cap at IPO price

$8.03B

First filed

Sep 6, 2024

Underwriters

J.P. Morgan, Morgan Stanley, BofA Securities, UBS, Jefferies, RBC Capital Markets, CIBC, HSBC, Mizuho, Wolfe Research, Nomura and Citizens JMP

Company counsel

Latham & Watkins

Underwriters' counsel

Milbank

Sector

Industrials & materials

Country / state

AZ

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.