Intriguing IPOs: StandardAero (SARO)

An aircraft services specialist with a dominant position sounds appealing. But that ownership...

Drawing of a flying machine, Leonardo da Vinci, circa 1485, ink on paper (Bibliothèque de l'Institut de France)

On the “it’s so over/we’re so back” scale, the IPO market is so back lately

I don’t want to be one of those talking heads saying the Federal Reserve’s decision to cut rates is shaking some private companies loose (especially since I argued the exact opposite thing a few months ago). That said, after a few months of unappetizing IPOs on offer, it’s worth cracking open the prospectus on a few recent IPOs.

(so, for the time being, we’ll say the rate cuts and uptick in IPOs are correlation and not causation).

Two companies going public this week are worth examining: aerospace service provider StandardAero (NYSE: SARO) and net-lease specialist FrontView REIT (NYSE: FVR). We’ll focus on StandardAero this week and then take a look at FrontView next week.

Let’s dig in…

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