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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 Who’s Pete Townshend scissor-kicked a brand of workmen’s boots to iconic status. Now, that brand is making waves in another debut: It’s the first day of trading for Dr. Martens Plc on London’s 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. ....

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