In one of the largest U.S. IPOs of 2024, StandardAero, backed by Carlyle, saw its shares surge 29% above the offering price, reaching a valuation of $10.38 billion in its NYSE debut. The aircraft maintenance services provider raised $1.44 billion, with Carlyle and GIC selling portions of their stakes. Despite uncertainties surrounding the upcoming election, experts, including Linqto CEO Joe Endoso, believe companies benefiting from the AI boom may still push forward with IPOs before year-end.
