Dr Martens the UK bootmaker saw a successful first day of trading on Friday when it's IPO closed at £4.50, the shares were priced at £3.70 and quickly moved up to £4.25 at the opening. It's the largest IPO on the London Stock Market since September 2020 and is very welcome as it signals a return of confidence in the IPO market. The shares now trade using the LSE code DOCS
There are a number of IPO's preparing to join the market including Moonpig.
What is positive about the Dr Martins IPO is that a few years ago the company was close to insolvency before it was purchased by a private equity house who turned it around, it has a long standing reputation and almost a cult status amongst some.
To learn more about our service at Reporting Accounts, please visit our website at https://www.reportingaccounts.com
where you will find information and insights into more than 4.8 million UK companies.