DPC Holdings (Doncasters Group), which manufactures complex engine products for aerospace and industrial gas turbines, announced terms for its IPO on Monday.
The Derbyshire, United Kingdom-based company plans to raise $700 million by offering 23.3 million shares at a price range of $28 to $32. Certain existing shareholders have agreed to purchase $66 million worth of shares in a concurrent private placement. At the midpoint of the proposed range, Doncasters Group would command a fully diluted market value of $4.2 billion.
Doncasters Group manufactures precision cast components and nickel- and cobalt-based superalloys for the hot sections of aerospace engines and industrial gas turbines, including turbine blades, vanes, structural castings, and turbocharger wheels. Operating across 14 facilities globally, the company serves leading OEMs under long-term agreements. Its products operate in extreme temperature and pressure environments, requiring specialized metallurgical expertise and large-scale casting equipment. The company serves both the OEM and aftermarket channels across the commercial aerospace, defense, and industrial gas turbine end markets.
Doncasters Group was founded in 1778 and booked $886 million in revenue for the 12 months ended March 31, 2026. It plans to list on the NYSE under the symbol DPC. Jefferies, Morgan Stanley, Barclays, Moelis & Company, RBC Capital Markets, and Rothschild are the joint bookrunners on the deal. It is expected to price the week of June 22, 2026.
