Dr Martens could launch IPO in early 2021

United Kingdom
Published:  19 November, 2020

The iconic British footwear brand has reportedly appointed Goldman Sachs and Morgan Stanley to lead its initial public offering (IPO).

According to media channel Sky News, which has not disclosed the number of shares to be listed or how much is expected to be raised, the IPO could be launched in early 2021. As previously reported by ILM, Permira Funds were reported to be reconsidering its plans to exit its investment in Dr Martens, with a potential sale or IPO of the company.

The British footwear brand posted revenue up 48% to £672.2 million (US$877.3 million) for the year ending March 31, 2020, with 93% underlying EBITDA growth. Read more here.