JPMorgan Says IPO Market for PE-Backed Companies Is ‘Very’ Open

The market for initial public offerings of companies that are owned by the likes of private equity firms is picking up, buoying the outlook for such first-time share sales heading into next year, says a top JPMorgan Chase & Co. banker.

At least four such US listings are slated for this month, including StandardAero Inc. The aircraft maintenance services provider, backed by Carlyle Group Inc., raised $1.44 billion in an IPO Tuesday. The burst of business will be welcome news for investors sitting on $3.2 trillion of companies that have been stuck in private equity firms’ portfolios after a ...