The company offers stocks for 330 to 370 pence. Dr. Martens would therefore be worth 4.2 billion euros.
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The owners of the cult shoe brand Dr. Martens want to take the equivalent of almost 1.5 billion euros in the upcoming IPO in London.
The company, which is known for its characteristic boots with rubber soles and yellow stitching, is offering 350 million of the existing shares at a price of 330 to 370 pence (3.7 to 4.2 euros) each, according to information from a lead manager on Monday. That would bring Dr. Martens to a market value of up to 4.2 billion euros.
Major shareholder Permira and other existing shareholders had already announced that they would sell shares. You are meeting with great interest from investors with your project.
According to a second lead manager, the issue has been fully subscribed. The financial investor Permira had Dr. Martens bought in 2014 for 380 million euros. Most recently, sales rose by 20 to 30 percent annually. Last fiscal year sales were £ 672 million.
