** Shares of aircraft maintenance services co StandardAero SARO.N down 1.9% before the bell to $28.05 after secondary offering news
** Scottsdale, Arizona-based SARO says private equity sponsor Carlyle CG.O and Singapore's sovereign wealth fund GIC to offload 30 mln shares
** Carlyle to sell ~24.5 mln shares and GIC to sell the balance, per the SEC prospectus filing
** Offering would cut Carlyle's stake from 62.8% to 55.5%, and take GIC's stake from 14.2% to 12.5%
** SARO has ~334.46 mln shares outstanding for ~$9.6 bln market cap
** JP Morgan, Morgan Stanley and RBC are jt lead bookrunners for the offering
** Earlier this month, co posted Q4 rev of $1.41 bln and projected 2025 rev of $5.8-$5.95 bln
** SARO shares opened at $31 in their Oct 2 debut after $1.4 bln IPO priced at $24
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))