Dr. Martens kick starts the new year announcing its intention to float on Main Market of the LSE

Dr. Martens kick starts the new year announcing its intention to float on Main Market of the LSE

Dr. Martens Limited has announced its intention to float on the premium listing segment of the Official List of the Financial Conduct Authority and the Main Market of the London Stock Exchange (LSE).  The company published its registration document on 11 January 2021. Should the IPO go ahead, it would contain no primary element and instead comprise a secondary sell-down of existing ordinary shares by IngreLux and certain other existing shareholders, giving the company a free float of at least 25%. It is also expected that shares representing up to a further 15% of the offer will be made available pursuant to an over-allotment option.

Permira, a private equity company, bought the Griggs family’s 91.5% stake in Dr. Martens, one of the most recognised footwear brands in the world, selling in excess of 11 million pairs of footwear annually in more than 60 countries, for roughly £343m in 2014. Since then, the investment group has expanded the

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