Birkenstock Files for IPO as Sales and Profits Rise Despite Profit Dip

Birkenstock files for U.S. IPO as listings recovery gains pace
Net revenue rose 19% to 644.17 million euros in the first half of 2022
Profit fell 45.3% to 40.21 million euros in the first half
Follows marketing boost from Margot Robbie wearing Birkenstocks in "Barbie" movie
Seeks New York Stock Exchange listing under ticker "BIRK"
Goldman Sachs, J.P. Morgan and Morgan Stanley leading IPO

reuters.com

Relevant topic timeline:

9/12/2023

Birkenstock Files for U.S. IPO, Seeks to Ride IPO Wave Despite Market Volatility

German sandal maker Birkenstock has filed for an initial public offering (IPO) in the United States.

9/13/2023

250-Year-Old Birkenstock Pursues $8B+ IPO, Balancing Tradition and Innovation

German sandal company Birkenstock, known for its anatomically shaped cork-and-latex insoles, is set to become a publicly traded company on the New York Stock Exchange, with an expected valuation of over $8 billion.

9/14/2023

Wall Street Cautiously Optimistic After August Slump But Risks Remain for Stocks

Wall Street's optimism has modestly improved, but investors remain cautious due to concerns over inflation, a strong labor market, potential government shutdown, and elevated yields. Meanwhile, German shoemaker Birkenstock has filed for an initial public offering in New York, aiming for a valuation of over $8 billion.

10/2/2023

Birkenstock Seeks $9 Billion Valuation in NY IPO Amid Slumping Markets

German sandals maker Birkenstock is aiming for a valuation of up to $9.2 billion in its New York initial public offering (IPO), representing another test for the IPO market.

10/3/2023

Iconic sandal maker Birkenstock plans $10B NYSE listing after record growth

German shoemaker Birkenstock plans to sell shares for between $44 and $49 apiece in its upcoming IPO on the New York Stock Exchange, potentially valuing the company at up to $10 billion.

10/10/2023

Birkenstock Prices U.S. IPO at $46 Per Share, Raising $1.48 Billion

German premium footwear maker Birkenstock priced its U.S. initial public offering (IPO) at $46 per share, raising about $1.48 billion and valuing the company at $9.3 billion, despite market volatility and concerns about the outlook for new stock market launches.

10/11/2023

Birkenstock Shares Open 4% Above $46 IPO Price, Valuing 270-Year-Old Sandal Maker at $9.74 Billion

German sandal maker Birkenstock is expected to have a muted debut on the US market, with its shares indicated to open slightly above their offer price and giving the company a potential valuation of $9.74 billion.

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Posted 9/12/2023, 10:47:00 PM