British bootmaker Dr Martens has priced its IPO at the top end of expectations putting a value on the company of around £3.7 billion, significantly above the £3.5 billion that it had been expected to be worth.
First there were the rumours, then last week the confirmation that Dr Martens was "considering" a stock market launch. But on Monday, the company said it definitely will be floating on the London Stock Exchange.
Dr Martens Limited confirmed on Monday that its long-awaited IPO will go ahead with a listing on the London Stock Exchange. It also released buoyant trading figures for the periods both before and during the pandemic.
Shares in Polish e-commerce group Allegro leapt more than 60% on their debut on Monday, giving the company a market value of almost $19 billion in Europe’s biggest initial public offering (IPO) so far this year.