Bosses at the iconic footwear and clothing brand have unveiled that they hope the company will be worth £3.7bn when it lists on the London Stock Exchange.
Dr Martens will set a 370p-per-share offer price when it floats next Wednesday, February 3. Bosses are hoping that the floatation will help expand the famous footwear brand, taking it out of private hands. It is currently owned by Permira, which plans to retain a stake after the float.
Chief Executive Kenny Wilson commented: “We have been delighted by the strong levels of interest, engagement and support from such a high quality selection of institutional investors. The successful transformation of Dr Martens is a great story, and what is even more exciting is the huge potential ahead.
“We are proud to take our place as a London listed company, both delivering as a successful PLC and, more importantly, continuing to grow our brand around the world.”
