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GIC-backed StandardAero eyes $7.5b valuation in US IPO

GIC-backed StandardAero eyes $7.5b valuation in US IPO

The New York Stock Exchange. Photo: Angelo Giordano/Unsplash

Aviation services provider StandardAero, backed by buyout firm Carlyle Group and Singapore’s sovereign wealth fund GIC, said on Monday it was targeting a valuation of up to $7.54 billion in its initial public offering in the United States.

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