FILE PHOTO: A pair of Dr. Martens boots in London, Britain, September 17, 2020. REUTERS/Simon Newman/File Photo
LONDON: Classic boot brand Dr. Martens kicked off its London IPO in style on Friday, attracting bumper demand in a sale valuing the company at more than $5 billion that is likely to spur other British companies to follow suit.
Dr. Martens' share were up 19% in their market debut after the company priced the deal at the top of an indicative range at 370 pence, raising nearly 1.3 billion pounds and giving it a market capitalisation of 3.7 billion pounds ($5.07 billion).
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