Doncasters IPO Draws 30x Demand, Eyes Pricing Above $28-$32 Range
Updated
Updated · Bloomberg · Jun 24
Doncasters IPO Draws 30x Demand, Eyes Pricing Above $28-$32 Range
1 articles · Updated · Bloomberg · Jun 24
Summary
Doncasters’ US IPO was more than 30 times oversubscribed ahead of pricing later Wednesday, according to people familiar with the deal.
The 250-year-old aerospace and industrial gas turbine engine parts maker now expects to price the offering $1 to $2 above its marketed $28 to $32 a share range.
Derby, England-based Doncasters is testing investor appetite for industrial and aerospace listings, with the strong order book pointing to robust demand before shares begin trading.