May 26 (Reuters) – Doncasters filed for a U.S. initial public offering on Tuesday, disclosing a 26% revenue jump in the first three months of 2026 as a red-hot streak of new listings from defense-linked firms continues.
The aerospace parts maker reported a net loss of $47 million on revenue of $237 million in the three months ended March 29, compared with a net loss of $53 million on revenue of $188 million a year earlier.
The filing adds to a growing roster of defense-linked firms that have flocked to public markets in recent months to seize the opportunity created by the U.S.-Israeli war on Iran.
Space and defense hardware provider Applied Aerospace & Defense on Tuesday also kicked off its U.S. IPO roadshow.
Doncasters, established in Sheffield, UK, in 1778, began as a file-making business and over time expanded into steel converting and forging.
The firm, which plans to sell new shares in the offering, is now focused on manufacturing complex parts for aerospace engines and industrial gas turbines.
Doncasters completed a debt restructuring in 2020 after a takeover by its lenders from the now-defunct private equity firm Dubai International Capital.
The firm operates 14 manufacturing facilities producing nickel- and cobalt-based superalloys, investment castings and stud welding systems across North America, Europe, the UK and Asia.
Jefferies and Morgan Stanley are lead joint bookrunners for the offering. Doncasters will list on the New York Stock Exchange under the symbol “DPC.”
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Sahal Muhammed)
