Aviation service provider StandardAero, backed by buyout firm Carlyle Group , said on Monday it is seeking a valuation of up to $7.5 billion in its initial public offering in the United States.

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, which was founded in 1911, serves commercial-aerospace, military and helicopter, and business-aviation clients with about 7,300 employees working at more than 50 facilities across the globe.

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.

Springer Nature, the private equity-backed academic publisher, is aiming for a valuation as high as €4.7 billion ($5.2 billion) in its initial public offering.