Doncasters Announces Pricing of Upsized Initial Public Offering
DPC Holdings Limited (“Doncasters” or the “Company”) today announced the pricing of its upsized initial public offering of 27,858,585 ordinary shares at a public offering price of $33.00 per share. In addition, 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.
The gross proceeds to Doncasters from this 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), before deducting underwriting discounts and commissions and estimated offering expenses.
The ordinary shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “DPC” on June 25, 2026. The offering is expected to close on June 26, 2026, subject to the satisfaction of customary closing conditions.
Doncasters intends to use its net proceeds from this offering as well as the proceeds of approximately $144.0 million from the concurrent private placements previously disclosed to, among other uses, repay outstanding indebtedness including repaying our shareholder PIK loan, and the remainder for general corporate purposes including funding working capital, future growth projects and amounts due under our cash-based management incentive plan.
