Business & Finance
Doncasters US IPO Said to Be More than 30 Times Oversubscribed
Key Points
Doncasters US IPO Said to Be More than 30 Times Oversubscribed Doncasters Group’s US initial public offering has attracted demand for more than 30 times the available shares ahead of pricing later Wednesday, according to people familiar with the matter. The 250-year-old Derby, England-based aerospace and industrial gas turbine engine parts maker now expects to price its offering $1 or $2 above the marketing range of $28 to $32 per share, said the people, who asked not to be identified...
Doncasters US IPO Said to Be More than 30 Times Oversubscribed
Doncasters Group’s US initial public offering has attracted demand for more than 30 times the available shares ahead of pricing later Wednesday, according to people familiar with the matter.
The 250-year-old Derby, England-based aerospace and industrial gas turbine engine parts maker now expects to price its offering $1 or $2 above the marketing range of $28 to $32 per share, said the people, who asked not to be identified because the information is private.