Dr Martens confirms intention to float

Dr Martens

Footwear specialist Dr Martens has become the latest retail brand to confirm its intention to float, with a reported valuation in excess of £3bn.

In a note to the City this morning, the retailer confirmed its intention to float on the London Stock Exchange (LSE) in early February after weeks of speculation. 

Dr Martens said it intended to apply for a premium listing on the LSE and that its final valuation would be determined by a book-building process led by a phalanx of banks, headed up by Morgan Stanley and Goldman Sachs.

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