Birkenstock Prices IPO at $49/Share, Valued at $4.7B with L Catterton Controlling Voting Power
- Birkenstock prices IPO at top of range, likely to raise $1.58B
- Strong investor demand allows Birkenstock to price at $49/share
- Valued at 27x EBITDA, higher than bigger brands like Nike
- Founded in 1774, run by family for 6 generations before L Catterton acquired majority stake in 2021
- L Catterton to hold 82.8% stake after IPO, control voting power
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