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

Birkenstock priced its U.S. IPO at $46 per share, the middle of the indicated range of $44 to $49 per share.

The IPO raised about $1.48 billion and values Birkenstock at around $9.3 billion.

Birkenstock is the fourth major company to launch a U.S. IPO in recent weeks after Arm, Instacart, and Klaviyo.

Shares of recently listed companies like Instacart have struggled amid market volatility.

After the IPO, L Catterton will hold an 82.8% stake in Birkenstock and control voting power.