StandardAero valued at $10.4 bln as shares jump in NYSE debut (updated)

StandardAero

02/10/2024 17:51

(Adds debut price in paragraph 2, IPO context in paragraphs
3-4)
       Oct 2 (Reuters) - StandardAero's  SARO.N  shares opened
29% above the initial public offering price in their market
debut on Wednesday, giving the Carlyle-backed  CG.O  aviation
maintenance services provider a market value of about $10.4
billion.
    The company's shares opened at $31 in their New York Stock
Exchange debut, compared with the IPO price of $24.
    U.S. IPOs have picked up pace in the last few weeks as a
rally in equities and hopes of a soft landing for the economy
bring back investors after a brief summer lull. 
    IPOs in the U.S. this year have raised $32.2 billion from
155 deals as of September, outpacing both 2022 and 2023 levels,
according to Dealogic.
    

 (Reporting by Niket Nishant and Prakhar Srivastava in
Bengaluru; Editing by Sriraj Kalluvila and Krishna Chandra
Eluri)
 ((Prakhar.srivastava2@thomsonreuters.com))