Doncasters shares surged 42% in their NYSE trading debut after pricing its IPO at $33 per share and raising $769 million, valuing equity at $4.7 billion. The engine parts manufacturer reported 12% revenue growth to $837 million in 2025 and trades at just over seven times sales.
Doncasters priced its IPO at $33 per share, raising $769 million and securing an equity valuation of $4.7 billion and an enterprise value of $4.5 billion. Proceeds are earmarked for expanding production capacity in aerospace and industrial gas turbine markets.
In its first day of NYSE trading, Doncasters shares surged 42%, reflecting robust investor demand for its complex engine components and optimism around defense sector spending. The spike underscores market confidence in the company’s growth prospects.
The company reported 12% revenue growth to $837 million in fiscal 2025 but remains barely profitable. Shares trade at just over seven times sales, implying investor expectations for improved margins and sustained top-line expansion.
