StandardAero Inc. shares climbed 36% in the aircraft maintenance services provider’s trading debut, after the firm and some of its investors raised $1.44 billion in an initial public offering.The company’s shares closed at $32.

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.

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.

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.

StandardAero, a U.S. aircraft maintenance service provider, raises $1.44 billion in its U.S. initial public offering by pricing shares above the indicated range at $24 each. The IPO, backed by Carlyle and the largest since June,

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 generated a 29% gain in its stock-market debut on Wednesday in a strong showing from the private-equity-backed jet-engine repair and maintenance business.

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.