IPOS - Birkenstock Prices IPO At $46 Per Share: Everything You Need To Know About The German Shoemaker | Benzinga
German shoemaker Birkenstock Holding Plc (NYSE: BIRK) is set to make its public debut on the New York Stock Exchange Wednesday after pricing its initial public offering at $46 per share. Here's what you need to know as shares start walking.
IPO Details: Birkenstock and private-equity firm L Catterton announced plans to sell approximately 32.3 million shares in the offering somewhere in the range of $44 to $49 per share last week. Birkenstock has now landed near the middle of the provided range, targeting a valuation of approximately $8.6 billion.
Birkenstock has said it plans to use proceeds from the IPO to repay borrowings and create financial flexibility, as well as for general corporate purposes.
It's the first high-profile name to test the public markets since Arm Holdings Plc (NASDAQ: ARM), Maplebear Inc (NASDAQ: CART) and Klaviyo Inc (NYSE: ...