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Article Date: January 2021
Word Count: 294

Dr. Martens Plans IPO in London


The iconic British boot brand plans to float on the London Stock Exchange as it looks to expand its offering and drive e-commerce sales, our sister publication Shoe Intelligence reported. The company, whose boots and shoes were made famous in the punk era and are enjoying a resurgence in popularity today, expects an eventual free float of 25% of the business, with the potential to list another 15%, depending on demand. Private equity group Permira, which bought the firm in 2013 for £300 million ($405 mm), will reduce its stake as part of the offering.

 

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