Stock Track | StandardAero Plunges 10.87% Pre-Market on Secondary Offering Priced Below Previous Close

Stock Track
Jan 28

StandardAero, Inc. (SARO) experienced a significant pre-market plunge, with its stock falling 10.87% during Wednesday's pre-market trading session.

The sharp decline follows the company's announcement of a secondary public offering of 50 million shares by its major shareholders, affiliates of The Carlyle Group Inc. and Singapore's sovereign wealth fund GIC. The offering was priced at $31.00 per share, which is at the low end of the targeted $31.00-$32.00 range and notably below Tuesday's closing price of $33.12.

Market analysts attribute the sell-off to investor concerns over the dilution and the discounted pricing of the offering, which signals major shareholders reducing their stakes in the aircraft maintenance firm. The transaction is being managed by joint book runners Morgan Stanley, JPMorgan, and RBC Capital.

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