June 15 (Reuters) - Doncasters is targeting a valuation of up to $4.43 billion in its U.S. initial public offering, becoming the latest aerospace firm to test investor appetite for new listings.
The Derby, United Kingdom-based company is seeking up to $746.7 million in the IPO by offering 23.3 million shares priced between $28 and $32 apiece, it said on Monday.
Ticker: DPCExchange: NYSETarget Deal Size: ~ $700 millionShare Price Range: $28 to $32Target Valuation: Up to $4.43 billion at the high end of the rangeLead Bookrunners: Jefferies and Morgan Stanley
The U.S. IPO market has gained momentum after a choppy start to the year, with aerospace and defense as well as AI infrastructure themes dominating the lineup since April.
Doncasters will follow Arxis (ARXS.O), opens new tab and Applied Aerospace & Defense (AADX.N), opens new tab, fellow aerospace parts makers that have gone public in New York since April.
- History: Founded in 1778 in Sheffield, UK, the company manufactures high-precision alloy components (like turbine blades and vanes) for the "hot zones" of aerospace engines and industrial gas turbines.
- Clients: Serves major original equipment manufacturers (OEMs) including GE Aerospace, Honeywell, Pratt & Whitney, and Rolls-Royce.
- Financials: In 2025, the company reported revenue of $837 million, though it remains loss-making due to heavy investments in expanding capacity.
