Carlyle-backed aviation service provider StandardAero files for US IPO [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
Reuters reported in April that Carlyle was weighing options for StandardAero, including a possible sale that could value it at about $10 billion. 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." Founded in 1911, StandardAero provides maintenance, repair and overhaul services to commercial and military aviation, as well as energy, clients. (Reporting by Niket Nishant in Bengaluru; Editing by Shinjini Ganguli)
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