Dr. Martens is planning to file for IPO

published 11.01.2021 20:02

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Chunky boot maker Dr. Martens is looking to take itself public.

The UK-based footwear brand, popular with celebrities like Uma Thurman, Kristen Stewart and Gigi Hadid, wants to float about 25 percent of the company’s shares on the London Stock Exchange, according to a regulatory filing on Monday.

Our iconic brand appeals to a diverse range of consumers around the world who wear our footwear to express their individual style.”

It started out as a work boot but “was quickly adopted by youth cultures as a symbol of their individual self-expression and rebellious spirt,” according to the filing.

The company, with 130 stores around the world, had sales of $920 million in the 12 months through March 31 and made profits of $138 million, according to the filing.

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