News by Sarah Sharples 1st Feb 2021 4:40 PM Dr Martens boots, famous for their distinctive yellow stitching and air-cushioned soles, are stepping on to the stock market for the first time with a valuation of £3.7 billion ($A6.6 billion). Starting on Wednesday, it will sell shares publicly on the London Stock Exchange with around 35 per cent of the business - or 403 million shares - available for investors to buy and sell from private equity group Permira. It bought Dr Martens seven years ago for £300 million ($A539 million) and owns about 75 per cent of the company. The famous shoemaker sells 11 million shoes and boots a year in more than 60 countries - but the brand still thinks there is room for expansion - and it has kicked away any COVID-19 woes, despite lockdowns that resulted in the closure of 130 stores.
Dr. Martens jumps in London debut on enduring appeal of boots
Swetha Gopinath, Bloomberg News Shoes on display inside the Dr. Martens store on Carnaby Street in London, U.K., on Wednesday, Jan. 20, 2021. Bootmaker Dr. Martens, known for its air-cushioned soles, is considering an equity value of 4 billion pounds ($5.4 billion) or more in an initial public offering. , Bloomberg
In 1967, The Whoâs Pete Townshend scissor-kicked a brand of workmenâs boots to iconic status. Now, that brand is making waves in another debut: Itâs the first day of trading for Dr. Martens Plc on Londonâs stock market.
After pricing its initial public offering at 370 pence a share, the top end of an initial range, the stock surged as much as 26 per cent Friday. Dr. Martens shareholders raised 1.3 billion pounds (US$1.8 billion) in the offering.
Акции Dr Martens подорожали на 25% в первый день торгов quote.rbc.ru - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from quote.rbc.ru Daily Mail and Mail on Sunday newspapers.
Dr Martens cipele – Sve što vas je zanimalo naslovi.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naslovi.net Daily Mail and Mail on Sunday newspapers.