StandardAero is listing a 60 million share IPO at $24/hr by Investing.com

Standard Aero, Inc. (SARO) today announced the pricing of the initial public offering of 60,000,000 shares of its common stock at a public offering price of $24.00 per share. The shares include 53,250,000 shares to be issued and sold by StandardAero and 6,750,000 shares to be sold by existing shareholders. The size of the offering was increased from the 46,500,000 shares previously announced. Shares of StandardAero are expected to begin trading on the New York Stock Exchange under the symbol “SARO” on October 2, 2024. The offering is expected to close on October 3, 2024, subject to the satisfaction of customary closing conditions.

In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to an aggregate of 9,000,000 additional shares of common stock from them at the initial public offering price, less underwriting discounts and fees , increased from the previously announced 30. day option to purchase up to an aggregate of 6,975,000 additional shares of common stock.

JP Morgan, Morgan Stanley (in alphabetical order), BofA Securities, UBS Investment Bank, Jefferies and RBC Capital Markets are acting as lead book-running managers for the proposed offering. Carlyle, CIBC Capital Markets, HSBC Securities (USA) Inc., Mizuho Securities USA LLC, Societe Generale and Wolfe | Nomura Alliance is acting as joint book-running administrators and Citizens JMP Securities, LLC, Macquarie Capital, Santander, AmeriVet Securities, Inc. and Drexel Hamilton, LLC are acting as co-managers of the offering.

A registration statement on Form S-1 relating to these securities has been declared effective by the Securities and Exchange Commission on October 1, 2024. The offering is being made only by means of a prospectus. The offer will be made only by means of a prospectus. Copies of the final prospectus relating to this offering, when available, may be obtained from: JP Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by e-mail at [email protected] and [email protected] and Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful before of registration or qualification under the securities laws of any such state or jurisdiction.