Birkenstock Seeks Up to $9.2 Billion Valuation in IPO
Shoemaker’s public offering would raise about $450 million at the midpoint of its target price
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Birkenstock Seeks Up to $9.2 Billion Valuation in IPO!
According to @WSJ Birkenstock said it would have about 187.8 million shares outstanding after the offering#birkenstock #footwear #ipo pic.twitter.com/weBLcfBHgL— The_Journalbiz (@the_journalbiz) October 3, 2023
Birkenstock news on IPO
Birkenstock said it would have about 187.8 million shares outstanding after the offering, for a market capitalization of roughly $9.2 billion at $49 a share, the high end of the expected price range
- Birkenstock Holding is seeking a valuation of up to $9.2 billion in its initial public offering.
The shoemaker on Monday disclosed in a securities filing plans to sell nearly 10.8 million shares at between $44 and $49 apiece. At the $46.50 midpoint of that price range, the company, which is owned by private equity firm L Catterton, would receive net proceeds of about $450.2 million.
Birkenstock said L Catterton plans to sell another 21.5 million shares in the offering, bringing the size of the IPO to about 32.3 million shares.
Birkenstock said it would have about 187.8 million shares outstanding after the offering, for a market capitalization of roughly $9.2 billion at $49 a share, the high end of the expected price range.
L Catterton would still own nearly 83% of Birkenstock, which has applied to list its shares on the New York Stock Exchange under the symbol BIRK, after the offering.
