StandardAero (SARO) shares fell more than 3% in recent Wednesday trading following the company's pricing of an upsized secondary offering of 36 million shares at $28 per share.
The company said late Tuesday that the offering is being made by affiliates of Carlyle Group (CG) and GIC Private Ltd., who will receive all proceeds. StandardAero is not selling any shares.
Underwriters have been granted a 30-day option to buy up to 5.4 million additional shares, the company said.
The offering is set to close on Thursday.
Price: 28.39, Change: -0.93, Percent Change: -3.17
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