Birkenstock Goes Public With $495 Million IPO Despite Lower-Than-Expected Share Price

Birkenstock went public on the New York Stock Exchange this week, taking the nearly 250-year-old German shoe company public.

Shares opened lower than expected, at $41 per share, but still raised around $495 million.

Birkenstock has transformed from a functional arch support sandal into a fashionable, billion dollar global brand.

The IPO coincided with consumer events in NYC parks to highlight Birkenstock's heritage in foot health and quality.

Over 95% of Birkenstock products are made in Germany with over 90% of materials from Europe.