Scottsdale, Arizona-based StandardAero, which is backed by buyout firm Carlyle, priced its offering at $24 apiece, above its range of $20 to $23. Earlier in the day, Reuters exclusively reported about the $24 price offering, citing people familiar with the matter.

StandardAero Inc. is seeking to raise $1.1 billion in its initial public offering, after its backer Carlyle Group Inc. had decided to pursue a listing for the aircraft maintenance services provider rather than a sale.

Carlyle-backed aviation services provider StandardAero is targeting a valuation of up to $7.69 billion in an upsized initial public offering, underscoring the strong investor appetite for profitable companies with scale.