Aerospace parts maker Doncasters targets $4.4 billion valuation in US IPO

UK-based aerospace parts maker Doncasters is targeting a $4.4 billion valuation in its US IPO, offering 23.3 million shares priced between $28 and $32 to raise up to $746.7 million. The nearly 250-year-old company, which supplies components for Boeing and Airbus aircraft, will list on the NYSE under the symbol 'DPC'. Existing shareholders will purchase approximately $66 million in shares via a concurrent private placement.