{"id":122795,"date":"2021-01-13T21:09:41","date_gmt":"2021-01-13T13:09:41","guid":{"rendered":"http:\/\/www.htt.hk\/?p=122795"},"modified":"2021-01-13T21:09:41","modified_gmt":"2021-01-13T13:09:41","slug":"%e9%a9%ac%e4%b8%81%e9%9d%b4-dr-martens-%e8%af%81%e5%ae%9e%e5%b0%86%e5%9c%a8%e4%bc%a6%e6%95%a6%e4%b8%8a%e5%b8%82","status":"publish","type":"post","link":"http:\/\/www.htt.hk\/?p=122795","title":{"rendered":"\u9a6c\u4e01\u9774 Dr. Martens \u8bc1\u5b9e\u5c06\u5728\u4f26\u6566\u4e0a\u5e02"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u82f1\u56fd\u978b\u5c65\u54c1\u724c Dr Martens Limited\uff08\u9a6c\u6c40\u535a\u58eb\uff0c\u4fd7\u79f0\u201c\u9a6c\u4e01\u9774\u201d\uff09\u5468\u4e00\u8bc1\u5b9e\uff0c\u5c06\u6309\u8ba1\u5212\u5728\u4f26\u6566\u8bc1\u5238\u4ea4\u6613\u6240\uff08London Stock Exchange\uff09\u9996\u6b21\u516c\u5f00\u52df\u80a1(IPO)\u4e0a\u5e02\uff0cDr Martens \u7684\u63a7\u80a1\u516c\u53f8 Permira \u5c06\u51fa\u552e\u6240\u6301\u7684\u7ea625%\u7684\u80a1\u4efd\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dr Martens \u6ca1\u6709\u7ed9\u51fa\u4f30\u503c\uff0c\u8ba1\u5212\u4e5f\u5e76\u4e0d\u662f100%\u786e\u5b9a\uff0c\u8be5\u54c1\u724c\u4ec5\u8868\u793a\uff1a\u201c\u6b63\u8003\u8651\u7533\u8bf7\u5c06\u5176\u666e\u901a\u80a1\u7eb3\u5165\u82f1\u56fd\u91d1\u878d\u76d1\u7ba1\u5c40(FCA)\u5b98\u65b9\u540d\u5355\u7684 Premium Listing\uff0c\u5e76\u5728\u4f26\u6566\u8bc1\u5238\u4ea4\u6613\u6240\u7684\u4e3b\u677f\u5e02\u573a\u4e0a\u5e02\u201d\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728\u5916\u754c\u770b\u6765 Dr Martens \u7684 IPO \u8ba1\u5212\u5df2\u7ecf\u677f\u4e0a\u9489\u9489\uff0c\u56e0\u4e3a\u53bb\u5e74\u65f6\u5c1a\u754c\u906d\u9047\u4e86\u51e0\u5341\u5e74\u6765\u7684\u6700\u5927\u5371\u673a\uff0c\u4e5f\u6ca1\u6709\u4ee4\u5b83\u653e\u5f03\u8fd9\u4e00\u8ba1\u5212\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6709\u8da3\u7684\u662f\uff0c\u8be5\u516c\u53f8\u8ba1\u5212\u5728\u4f26\u6566\u8bc1\u4ea4\u6240\u7684\u4e3b\u677f\u5e02\u573a\u4e0a\u5e02\uff0c\u800c\u8bb8\u591a\u5176\u4ed6\u65f6\u5c1a\u4f01\u4e1a\u4f1a\u9009\u62e9\u5728\u4f26\u6566\u8bc1\u4ea4\u6240\u7684\u53e6\u7c7b\u6295\u8d44\u5e02\u573a(alternative investment market\uff0cAIM)\u4e0a\u5e02\uff0c\u800c\u975e\u76d1\u7ba1\u66f4\u4e25\u683c\u7684\u4e3b\u677f\u5e02\u573a\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5b83\u5c06\u6210\u4e3a2021\u5e74\u9996\u6279\u5927\u89c4\u6a21IPO\u4e4b\u4e00\u3002Dr Martens \u62e5\u6709\u7ea660\u5e74\u7684\u5386\u53f2\uff0c2013\u5e74\u88ab\u79c1\u52df\u80a1\u6743\u96c6\u56e2 Permira \u4ee54.1\u4ebf\u7f8e\u5143\u6536\u8d2d\uff0c\u4f5c\u4e3aIPO\u7684\u4e00\u90e8\u5206\uff0c\u8fd9\u5bb6\u6295\u8d44\u516c\u53f8\u8ba1\u5212\u51fa\u552e\u6240\u6301\u7684\u90e8\u5206\u80a1\u4efd\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Dr Martens \u5df2\u8058\u8bf7\u9ad8\u76db(Goldman Sachs)\u548c\u6469\u6839\u58eb\u4e39\u5229(Morgan Stanley)\u62c5\u4efb\u8054\u5e2d\u5168\u7403\u534f\u8c03\u4eba\uff08joint global coordinators\uff09\uff0c\u5e76\u8058\u8bf7Barclays\u3001\u6c47\u4e30\u94f6\u884c(HSBC)\u3001Merrill Lynch \u548c\u52a0\u62ff\u5927\u7687\u5bb6\u94f6\u884c\u6b27\u6d32(RBC Europe)\u62c5\u4efb\u8054\u5e2d\u7c3f\u8bb0\u7ba1\u7406\u4eba\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.htt.hk\/wp-content\/uploads\/2021\/01\/41-1024x436.jpg\" alt=\"\" class=\"wp-image-122796\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Dr Martens \u5c06\u7ed9\u6f5c\u5728\u6295\u8d44\u8005\u5e26\u6765\u4ec0\u4e48\u5462\uff1f\u7b54\u6848\u662f\uff1a\u4e00\u5bb6\u201c\u6b63\u5728\u5feb\u901f\u589e\u957f\u5e76\u6709\u53ef\u80fd\u7ee7\u7eed\u589e\u957f\u201d\u7684\u516c\u53f8\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8be5\u516c\u53f8\u8868\u793a\uff0c\u5b83\u6bcf\u5e74\u572860\u591a\u4e2a\u56fd\u5bb6\u9500\u552e\u8d85\u8fc71100\u4e07\u53cc\u978b\u5b50\u548c\u9774\u5b50\u3002\u5728\u622a\u81f32020\u5e743\u6708\u5e95\u76842019\/2020\u8d22\u5e74\u4e2d\uff0c\u8be5\u516c\u53f8\u9500\u552e\u989d\u4e3a6.72\u4ebf\u82f1\u9551\uff0c\u606f\u7a0e\u6298\u65e7\u644a\u9500\u524d\u5229\u6da6\uff08EBITDA\uff09\u4e3a1.845\u4ebf\u82f1\u9551\uff0cEBITDA\u5229\u6da6\u7387\u4e3a27.4%\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u622a\u81f32020\u5e749\u670830\u65e5\u76842020\/2021\u4e0a\u534a\u8d22\u5e74\uff0c\u516c\u53f8\u9500\u552e\u989d\u540c\u6bd4\u589e\u957f18%\u81f33.182\u4ebf\u82f1\u9551\uff0cEBITDA\u540c\u6bd4\u589e\u957f30%\u8fbe\u52308630\u4e07\u82f1\u9551\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728\u75ab\u60c5\u4e0b\u5b9e\u73b0\u8fd9\u6837\u7684\u589e\u957f\u662f\u5f88\u4e0d\u5bb9\u6613\u7684\uff0c\u5bf9\u4e8e\u978b\u5c65\u54c1\u724c\u6765\u8bf4\u5c24\u5176\u96be\u5f97\uff0c\u56e0\u4e3a\u5c45\u5bb6\u8d8b\u52bf\u4e0b\u6d88\u8d39\u8005\u4eec\u5bf9\u978b\u5b50\u7684\u9700\u6c42\u5927\u5927\u51cf\u5c11\u4e86\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u75ab\u60c5\u53ef\u80fd\u5bf9\u8be5\u516c\u53f8\u9020\u6210\u4e86\u4e00\u4e9b\u6311\u6218\uff0c\u4f46\u5b83\u6210\u529f\u5ef6\u7eed\u4e86\u591a\u5e74\u6765\u7684\u589e\u957f\u8d8b\u52bf\u3002\u57282018\u81f32020\u8d22\u5e74\uff0c\u8be5\u516c\u53f8\u9500\u552e\u989d\u5e74\u590d\u5408\u5e74\u589e\u957f\u7387(CAGR) \u8fbe\u523039%\uff0cEBITDA\u590d\u5408\u5e74\u589e\u957f\u7387\u8fbe\u523081%\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728\u5b9e\u73b0\u589e\u957f\u4e4b\u9645\uff0c\u516c\u53f8\u52a0\u5feb\u4e86\u76f4\u63a5\u9762\u5411\u6d88\u8d39\u8005\uff08D2C\uff09\u7684\u6218\u7565\u3002Dr Martens \u8ba4\u4e3a\uff0c\u8fd9\u4e00\u6218\u7565\u201c\u5bf9\u4e8e\u8ba9\u54c1\u724c\u548c\u4f01\u4e1a\u4ee5\u53ef\u6301\u7eed\u7684\u65b9\u5f0f\u5927\u89c4\u6a21\u53d1\u6325\u5176\u5168\u90e8\u6f5c\u529b\u81f3\u5173\u91cd\u8981\u201d\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u516c\u53f8\u5468\u4e00\u8868\u793a\uff0cD2C\u6218\u7565\u201c\u80fd\u4e0e\u6d88\u8d39\u8005\u5efa\u7acb\u66f4\u76f4\u63a5\u7684\u89e6\u70b9\uff0c\u66f4\u597d\u5730\u5c55\u793a\u978b\u5b50\u548c\u54c1\u724c\uff0c\u83b7\u5f97\u66f4\u591a\u6570\u636e\uff0c\u5e76\u5bf9\u54c1\u724c\u8fdb\u884c\u66f4\u4e25\u683c\u7684\u63a7\u5236\u548c\u6218\u7565\u7ba1\u7406\u3002\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8be5\u516c\u53f8\u8fd8\u5f3a\u8c03\u4e86\u7535\u5b50\u5546\u52a1\u6e20\u9053\u8fd1\u5e74\u6765\u7684\u5f3a\u52b2\u8868\u73b0\uff0c\u5e76\u9884\u8ba1\u5b83\u201c\u5c06\u7ee7\u7eed\u6210\u4e3a\u672a\u6765\u51e0\u5e74\u589e\u957f\u7684\u4e3b\u8981\u9a71\u52a8\u529b\u201d\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728\u75ab\u60c5\u7206\u53d1\u524d\uff0cDr Martens \u7684\u7535\u5b50\u5546\u52a1D2C\u4e1a\u52a1\u6240\u5e26\u6765\u7684\u9500\u552e\u989d\u5df2\u7ecf\u63a5\u8fd1\u5b9e\u4f53\u5e97\u3002\u57282019\/2020\u8d22\u5e74\u91cc\uff0cD2C\u6e20\u9053\u5360\u54c1\u724c\u603b\u6536\u5165\u768445%\uff0c\u5176\u4e2d\u95e8\u5e97\u536025%\uff0c\u7535\u5b50\u96f6\u552e\u536020%\u3002\u57282020\/2021\u4e0a\u534a\u8d22\u5e74\uff0cD2C\u6e20\u9053\u5360\u603b\u6536\u5165\u768434%\uff0c\u5176\u4e2d\u7535\u5b50\u96f6\u552e\u536024%\uff0c\u800c\u7531\u4e8e\u6682\u65f6\u5173\u95ed\u95e8\u5e97\u548c\u5ba2\u6d41\u91cf\u4f4e\uff0c\u5b9e\u4f53\u5e97\u4ec5\u536011%\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">B2B\u4e1a\u52a1\u76ee\u524d\u4ecd\u7136\u662f\u5176\u6700\u5927\u7684\u4e1a\u52a1\u677f\u5757\uff0c\u9664\u4e86130\u5bb6\u81ea\u6709\u95e8\u5e97\u3001\u7279\u8bb8\u7ecf\u8425\u5e97\u548c\u7ebf\u4e0a\u5e97\u94fa\uff0c\u5b83\u8fd8\u8fd0\u8425\u7740\u84ec\u52c3\u53d1\u5c55\u7684\u6279\u53d1\u3001\u5206\u9500\u548c\u52a0\u76df\u4e1a\u52a1\u3002\u57282019\/2020\u8d22\u5e74\uff0cB2B\u6e20\u9053\u5360\u603b\u6536\u5165\u768455%\u3002\u5728\u5f53\u524d\u7684\u4e0a\u534a\u8d22\u5e74\uff0cB2B\u6e20\u9053\u5360\u603b\u6536\u5165\u768466%\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728Dr Martens\u7684\u4e09\u5927\u5730\u57df\u5e02\u573a\u4e2d\uff0cEMEA\u5730\u533a\uff08\u6b27\u6d32\u3001\u4e2d\u4e1c\u3001\u975e\u6d32\uff09\u536043%\uff1b\u7f8e\u6d32\u536037%\uff0c\u4e9a\u592a\u5730\u533a\u536020%\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5728\u5ba3\u5e03IPO\u8ba1\u5212\u540e\uff0c\u8463\u4e8b \u957fPaul Mason \u8868\u793a:\u201c\u4eca\u5929\u662f Dr Martens \u7684\u4e00\u4e2a\u91cd\u8981\u91cc\u7a0b\u7891\uff0c\u662f\u5bf9\u6211\u4eec\u7ba1\u7406\u56e2\u961f\u7684\u6280\u80fd\u548c\u52aa\u529b\u5de5\u4f5c\u7684\u8bc1\u660e\uff0c\u6211\u4eec\u6b63\u5728\u6253\u9020\u4e0e\u54c1\u724c\u89c4\u6a21\u548c\u6f5c\u529b\u76f8\u5339\u914d\u7684\u4e1a\u52a1\u3002\u5728\u8fc7\u53bb\u51e0\u5e74\u91cc\uff0c\u6211\u4eec\u5728\u4e1a\u52a1\u4e0a\u8fdb\u884c\u4e86\u5927\u91cf\u6295\u8d44\uff0c\u4ee5\u52a0\u5f3a\u56e2\u961f\u548c\u8fd0\u8425\uff0c\u5e76\u4e3a\u81ea\u5df1\u5b9a\u4e49\u4e86\u4ee4\u4eba\u5174\u594b\u7684\u4e0b\u4e00\u4e2a\u53d1\u5c55\u9636\u6bb5\u2014\u2014\u6210\u4e3a\u4e00\u5bb6\u4e0a\u5e02\u516c\u53f8\u3002\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u9996\u5e2d\u6267\u884c\u5b98 Kenny Wilson \u8865\u5145\u9053\uff1a\u201c\u5ba3\u5e03\u4e0a\u5e02\u7684\u610f\u5411\u53cd\u6620\u4e86 Dr Martens \u56e2\u961f\u548c\u54c1\u724c\u7684\u4f1f\u5927\u6210\u5c31\u3002\u66f4\u91cd\u8981\u7684\u662f Dr Martens \u672a\u6765\u5728\u5168\u7403\u7684\u5de8\u5927\u589e\u957f\u6f5c\u529b\u3002\u6211\u4eec\u7684\u6807\u5fd7\u6027\u54c1\u724c\u5438\u5f15\u4e86\u4e16\u754c\u5404\u5730\u7684\u5404\u7c7b\u6d88\u8d39\u8005\uff0c\u4ed6\u4eec\u7a7f\u6211\u4eec\u7684\u978b\u5b50\u6765\u8868\u8fbe\u4e2a\u4eba\u98ce\u683c\u3002\u6211\u4eec\u8fdb\u884c\u4e86\u5927\u91cf\u6295\u8d44\uff0c\u4ee5\u786e\u4fdd\u80fd\u63d0\u4f9b\u6700\u597d\u7684\u6570\u5b57\u548c\u95e8\u5e97\u4f53\u9a8c\uff0c\u4e0e\u7a7f\u6234\u8005\u5efa\u7acb\u8054\u7cfb\uff0c\u5e76\u4ee5\u6b64\u63a8\u52a8\u6211\u4eec\u7684\u957f\u671f\u3001\u53ef\u6301\u7eed\u589e\u957f\u3002\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u82f1\u56fd\u978b\u5c65\u54c1\u724c Dr Martens Limited\uff08\u9a6c\u6c40\u535a\u58eb\uff0c\u4fd7\u79f0\u201c\u9a6c\u4e01\u9774\u201d\uff09\u5468\u4e00\u8bc1\u5b9e\uff0c\u5c06\u6309\u8ba1\u5212\u5728\u4f26\u6566\u8bc1\u5238\u4ea4\u6613 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":["post-122795","post","type-post","status-publish","format-standard","hentry","category-qyzx"],"_links":{"self":[{"href":"http:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/posts\/122795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.htt.hk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=122795"}],"version-history":[{"count":1,"href":"http:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/posts\/122795\/revisions"}],"predecessor-version":[{"id":122797,"href":"http:\/\/www.htt.hk\/index.php?rest_route=\/wp\/v2\/posts\/122795\/revisions\/122797"}],"wp:attachment":[{"href":"http:\/\/www.htt.hk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=122795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.htt.hk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=122795"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.htt.hk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=122795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}