Doncasters shares surge 33% in New York debut

Investing.com -- Doncasters Group shares rose 33.3% on their first day of trading on the New York Stock Exchange on Thursday.

The Derby, United Kingdom-based aerospace and defense manufacturer opened at $44 per share, above its initial public offering price of $33.

The company raised $919.3 million through its IPO, selling 27.9 million shares. The offering price exceeded the marketed range of $28 to $32 per share.

The aerospace and defense sector has seen several strong IPO performances in recent months. Arxis shares jumped nearly 36% during its Nasdaq debut in April.

You May Also Be Interested In

• Deutsche Bank Starts SPIE SA (SPIE:FP) (SPIWF) at Buy
• Rosenblatt Starts Instacart (CART) at Neutral
• OpenAI advertising business passes $1 billion in annual revenue