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Birkenstock Plans Up to $1.58B IPO, Seeks $9.2B Valuation After Arnault Family's Stake

  • German sandal maker Birkenstock plans to raise up to $1.58B in its upcoming IPO, valuing the company at up to $9.2B.

  • Birkenstock nominated Alexandre Arnault, son of billionaire Bernard Arnault, to its board ahead of the IPO.

  • The Arnault family's investment company previously bought a controlling stake in Birkenstock in 2021.

  • Birkenstock plans to begin trading on the NYSE next week.

  • The Arnault acquisition of Birkenstock in 2021 valued the company at $4.87B, a nearly 100% gain for the family in just over 2 years.

forbes.com
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German footwear brand Birkenstock is preparing to go public with an initial public offering (IPO) that could raise up to $1.58 billion, placing its total valuation at $9.2 billion, and marking the latest test for the US IPO market's recovery after a long dry spell.
German sandal maker Birkenstock is set to be valued at up to ā‚¬9.2bn ($9.7bn) in its upcoming initial public offering on the New York Stock Exchange, with shares priced at $44 to $49 each, following a resurgence in popularity over the past two years, propelled by celebrity endorsements and fashion trends.
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.
Birkenstock, a popular sandal maker, has filed for an IPO and has gained popularity across various sectors including healthcare, fashion, and technology, with its designs appearing in movies, fashion shows, and on the feet of influential figures like Steve Jobs.
German sandal maker Birkenstock, known for its emphasis on comfort and support, is set to start trading on the New York Stock Exchange with its initial public offering valuing the company at roughly $8.6 billion, raising questions about the brand's ability to maintain its momentum and whether the pressure of public markets will help or hurt its long-standing reputation.
U.S. stock futures rise as investors await the release of Fed minutes and consider hints from officials about potential interest rate hikes; ExxonMobil is expected to announce a $60 billion acquisition of Pioneer; Birkenstock prices its IPO at $46 per share.
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.
Birkenstock's stock ended its Wall Street debut with over a 12% drop from its IPO price, reflecting investor caution and signaling weak demand in the market.
Birkenstock, along with other companies, experienced a disappointing IPO as the stock market slump and external factors affected their debut.
German shoe and sandal maker Birkenstock went public on Wall Street, raising about $495 million in its Initial Public Offering (IPO) despite its shares opening lower than expected.
Birkenstock's IPO stumbled on Wall Street with the worst first-day showing for a US IPO of $1 billion or more in over two years, as bad market timing and disappointing earnings from LVMH overshadowed its conservative pricing strategy.