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.
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