Doncasters seeks to raise up to $747M in U.S. IPO

Investing.com -- DPC Holdings Limited, which operates as Doncasters, plans to raise up to $747 million through a U.S. initial public offering, the aerospace parts manufacturer said Monday.

The company filed to offer 33,333,333 shares on the New York Stock Exchange at a price range of $28 to $32 per share. Doncasters intends to list under the ticker "DPC." At the top of the proposed price range, Doncasters would be valued at over $3.7 billion.

The company reported revenue of $837 million for 2025, with a net loss of $173 million and adjusted EBITDA of $138 million. Doncasters operates 14 manufacturing facilities worldwide and employs 3,000 people.

Founded in 1778 by Daniel Doncaster in Sheffield, UK, the company manufactures high-precision alloy components for demanding conditions. Doncasters serves original equipment manufacturers in the aerospace, industrial gas turbine, and specialist mobility markets.

Doncasters works with aerospace and industrial gas turbine manufacturers including GE Aerospace, Honeywell, Pratt & Whitney, Rolls-Royce, Safran, Ansaldo Energia, Doosan, GE Vernova, and Siemens Energy.

The company's aerospace engine products are used in CFM International's LEAP engine family and Pratt & Whitney's GTF engine family, which power Boeing's 737 family and Airbus' A320 and A321 families. Its products also support GE Aerospace's GEnx engine, which powers the Boeing 787 Dreamliner.

Jefferies, Morgan Stanley, Barclays, Moelis & Company, RBC Capital Markets, and Rothschild & Co serve as underwriters for the offering.

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