Footasylum has confirmed plans to float on AIM next month. The company said the proceeds from the placing will be used to drive growth of it 60-strong store estate to at least 150 stores.
In addition, Footasylum is looking to make substantial investments over the next three years in increasing its digital presence.
Chief executive of Footasylum, Clare Nesbitt said: "This is a logical next step in Footasylum's upward trajectory as we seek to build on our exciting product-led, multichannel expansion strategy.
"We see substantial opportunities ahead across our retail, online and wholesales channels, and believe that we have the people, products and strategy to realise them."
In another announcement, Footasylum have confirmed that Barry Bown is to join its board as executive chairman next June when John Wardle will retire from the role. Mr Bown was chief executive of JD Sports from 2000 to 2014.
