DPC Holdings Limited has priced its upsized initial public offering of 27,858,585 ordinary shares at a public offering price of $33.00 per share. The gross proceeds from the offering are expected to be approximately $919.3 million, or approximately $1,057.2 million if the underwriters exercise their over-allotment option in full. The offering is expected to close on June 26, 2026, subject to customary closing conditions.

The ordinary shares are expected to begin trading on the New York Stock Exchange under the ticker symbol "DPC" on June 25, 2026. Doncasters has granted the underwriters a 30-day option to purchase an additional 4,178,787 ordinary shares at the initial public offering price, less underwriting discounts and commissions.

Doncasters intends to use the net proceeds from the offering, along with approximately $144.0 million from concurrent private placements, to repay outstanding indebtedness, including a shareholder PIK loan. The remaining funds will be allocated for general corporate purposes, such as funding working capital, future growth projects, and amounts due under its cash-based management incentive plan.

Jefferies and Morgan Stanley are acting as lead joint bookrunners for the offering. Barclays and Moelis are serving as joint bookrunners, while RBC Capital Markets and Rothschild & Co are acting as additional bookrunners. The offering is being made only by means of a prospectus, which has been declared effective by the U.S. Securities and Exchange Commission.

Offering Details

Doncasters is a leading independent manufacturer of complex, highly engineered precision cast components and nickel- and cobalt-based superalloys, primarily serving the Aerospace and IGT end markets. The company operates 14 advanced manufacturing facilities across North America, Europe, the United Kingdom, and Asia.