UK Boeing Supplier Doncasters Said to Pick Banks for US IPO (1)

Doncasters Group, an almost 250-year-old UK metal engineering group that supplies Boeing Co., has selected banks for a US initial public offering that could value the firm at more than $4 billion, according to people familiar with the matter.

The Leeds-based company has picked advisers including Morgan Stanley and Jefferies Financial Group Inc., as well as Barclays Plc and Moelis & Co., to manage the share sale, the people said. The offering could take place as soon as in 2026, the people said, asking not to be identified because discussions are private.

The firm could raise ...