StandardAero, a U.S. aircraft maintenance services provider, priced its U.S. initial public offering above its indicated range to raise $1.44 billion, people familiar with the matter said on Tuesday.

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.

Filings for the listing show that funds affiliated with Blackrock, Janus Henderson Group and Norway’s $1.8 trillion sovereign wealth fund have respectively signaled interest in buying shares of StandardAero at the IPO price.

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.

Carlyle-backed aviation services provider StandardAero said on Friday it, along with its investors, was aiming to raise up to $1.38 billion in its upsized initial public offering in the United States.

Up to $155.3 million of the proceeds will go to Carlyle and Singapore's sovereign wealth fund GIC — the current investors who are selling some shares in the IPO. Reuters had reported in April that Carlyle was weighing options for StandardAero,

StandardAero, a U.S. aircraft maintenance services provider, priced its U.S. initial public offering above its indicated range to raise $1.44 billion, people familiar with the matter said on Tuesday.

StandardAero Inc., a Carlyle Group Inc.-backed aircraft maintenance services provider is weighing pricing its initial public offering above a marketed range, according to people familiar with the matter.