** Shares of aircraft maintenance services firm StandardAero SARO.N down 3.1% to $29 in extended trading after secondary offering unveiled
** Scottsdale, Arizona-based firm co says p rivate equity firm Carlyle CG.O and Singapore's sovereign wealth fund GIC to offload 30 mln shares
** Carlyle owns ~180.8 mln shares for 54% stake, and GIC holds ~40.8 mln shares for 12.2% ownership, per the SEC filing
** SARO has ~334.5 mln shares outstanding as of Apr 30, giving co $10 bln market cap
** JP Morgan, Morgan Stanley, RBC, BofA, UBS and Jefferies jt lead bookrunners for offering
** SARO shares on Mon closed down 2 cents at $29.93. Shares, up ~21% YTD, have gained ~17.5% over the past month
** Co went public in Oct IPO priced at $24
** Of 9 analysts covering SARO, 6 rate "strong buy" or "buy", 3 rate "hold" and the median PT is $33.50, latest LSEG data shows
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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