Rieker
Dr. Martens plans to raise $ 5 billion in IPO on the London Stock Exchange
26.01.2021 690

Dr. Martens plans to raise $ 5 billion in IPO on the London Stock Exchange

Trades Dr. Martens on the London Stock Exchange are due to launch early next week. The company's market capitalization is estimated at between 3,30 and 3,70 billion pounds.

Dr. Martens intends to place 35% of the shares on the open market, and announced that the largest US investment company Blackrock has already confirmed its intention to acquire shares in the amount of 250 million pounds sterling at prices ranging from 3,30 to 3,70 pounds. The listing could potentially be carried out this week.

Permira, the majority owner of Dr. Martens since 2013, will retain a majority stake in the company. Permira's share in the company is estimated at £ 2,6bn. 10% of the company is still in the hands of the family of founders of the Griegs brand and their share is estimated at 330 million pounds.

As noted in The Sunday Times of London, Dr. Martens CEO Kenny Wilson expects to receive £ 58 million from the IPO. A group of former employees of Dr. Martens will receive £ 150m in shares. About 2200 junior employees of the company will receive cash bonuses based on the results of the placement.

Trades Dr. Martens on the London Stock Exchange are due to launch early next week. The company's market capitalization is estimated at between 3,30 and 3,70 billion pounds.
5
1
Rating

Latest News

OR GROUP: In January, Westfalika's online sales reached 62 million rubles.

OR GROUP reports that in January 2021, the share of online sales in the revenue of the marketplace created on the basis of the Westfalika retail network increased by 23,4%. Online sales reached RUB 62 million. The assortment of the trading platform (retail chain and ...
26.02.2021 137

Brunello Cucinelli has diluted a cozy boho style with outdoor shoes

In the new women's collection of the Italian luxury brand Brunello Cucinelli, which was presented online at Milan Fashion Week on February 24, multi-layered cozy garments made of knitwear, cashmere, mohair and silk are unexpectedly combined with ...
26.02.2021 179

Euro Shoes Premiere Collection will begin work on March 1 at the Main Stage art space

Moscow's leading Professional International Footwear Exhibition Euro Shoes Premiere Collection will be held in the capital from March 1 to 4. We remind you that the exhibition is held in the Main Stage art space (Sharikopodshipnikovskaya st., 13, p. 33).
25.02.2021 190

Shoes Report Youtube Channel: Interview with Sales Director Marco Tozzi, Eldar Schaffner

Eldar Schaffner, Sales Director of Marco Tozzi in Russia, spoke with Shoes Report editor Marina Shumilina about the specifics of the 2020 crisis, a new collection, new strategic decisions and plans for the future.
25.02.2021 195

Econika created a light mood in the spring-summer 2021 season

In the spring-summer 2021/22 season, the Econika shoe and accessories brand has released a delicate, feminine and not boring collection. Without abandoning their love for creative experiments with forms, the brand's designers have kept the right balance. Pleased with the presence ...
25.02.2021 472
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning