StandardAero Inc. and some of the aircraft maintenance services provider’s investors raised $1.44 billion in an initial public offering, as companies seize the listings window before the US presidential election.

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.

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.

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.

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,