Footwear maker Birkenstock seeks IPO valuation of $9.2 billion
Birkenstock has announced the terms of its initial public offering , with the legendary footwear brand maker seeking a valuation of around $9.2 billion.
The IPO consists of 32.26 million shares, while the expected price range is set between $44.00 and $49.00 per ordinary share. At the top of the range, Birkenstock would raise $1.58 billion from the IPO. For nine months to the end of June, the company generated revenue of €1.12 billion , representing an increase compared to the previous fiscal year .Birkenstock has applied to list its shares on the New York Stock Exchange under the symbol"BIRK."We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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Germany's Birkenstock aims to raise up to $1.58 billion in U.S. IPOBirkenstock, the German premium footwear brand, said on Monday it was seeking to raise up to $1.58 billion in its initial public offering in New York.
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Germany's Birkenstock targets $9.2 billion valuation in New York IPOBirkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said on Monday it is seeking a valuation of up to $9.2 billion in its highly anticipated initial public offering (IPO) in New York.
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