Leeds-based engineering giant Doncasters Group, a key supplier to Boeing, has approached investment banks to prepare for a possible 2026 initial public offering (IPO) in New York, according to a Bloomberg News report.
Doncasters, founded in 1778, has yet to make a final decision on the plan.
The company, owned by Dubai International Capital, has around 3,000 employees and delivered revenue of £585 million in 2024. Doncasters operates about 20 sites across Europe, the Americas and Asia.
Doncasters Group has invited investment banks to pitch for underwriting roles in the coming weeks, Bloomberg News reported.
An IPO would represent a huge milestone for Doncasters, which underwent a debt restructuring in 2020 after being taken over by its lenders from Dubai International Capital.
Under CEO Mike Quinn and chairman Dirkson Charles, the company has expanded through acquisitions, including its 2022 purchase of Uni-Pol, and investments in high-performance metal manufacturing.
Bloomberg News reported that the global aerospace and defence industry was valued at about $847 billion in 2025 and is projected to grow to $1.47 trillion by 2032, according to Coherent Market Insights.