Doncasters raised $919 million in its June 25 IPO, pricing shares at $33 and securing a $4.72 billion valuation on the NYSE. The manufacturer of precision cast aeroengine and gas turbine components will use proceeds to repay debt and fund working capital and future growth projects.
On June 25, Doncasters completed its initial public offering on the New York Stock Exchange, issuing shares at $33 and raising $919 million, valuing the company at $4.72 billion.
Net proceeds from the offering will be allocated to repay outstanding indebtedness and to support general corporate purposes, including working capital requirements and funding future growth projects.
Doncasters is a leading independent manufacturer of complex precision cast components and nickel- and cobalt-based superalloys serving aerospace and IGT end markets, with fourteen advanced manufacturing facilities across North America, Europe, the United Kingdom and Asia.
As a portfolio company of J.F. Lehman & Company affiliates, Doncasters brings decades of engineering expertise and customer-centric culture to its next phase as a publicly traded company.
