Freedom Broker opens access to Doncasters Group shares on IPO day

Today, trading in shares of Doncasters Group (DPC Holdings Limited) begins on the New York Stock Exchange (NYSE). Freedom Broker clients can trade the issuer’s shares in the pre-market from 15:00 Astana time.

Doncasters Group specializes in the production of high-precision cast components and nickel- and cobalt-based superalloys for the aerospace and energy industries. The company operates 14 production sites worldwide and supplies critical parts for most modern aircraft engines, industrial gas turbines, as well as defense and space programs.

The IPO offering price was $33 per share. The total offering volume reached $919 mln, and the company’s market capitalization following the IPO is estimated at $4.6 bln.

The offering was led by major international investment banks, including Jefferies, Morgan Stanley, Barclays, Moelis & Company, RBC Capital Markets, and Rothschild.

To participate in trading, Freedom Broker clients need to go to the DPC.US instrument and place orders using limit orders.

This is not an individual investment recommendation.