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.