Birkenstock, the iconic sandal maker, has filed for an initial public offering (IPO) and warned investors about the risks posed by counterfeit products promoted on social media.
German premium footwear brand Birkenstock has filed for an initial public offering in the US, following the footsteps of other European companies seeking a foreign listing, with its filing revealing a rise in net revenue but a fall in profit for the first half of the year.
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.
German sandal maker Birkenstock is set to be valued at up to €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.
Sandal company Birkenstock needs to sell more clogs and boots and boost sales from its own website and boutiques to attract new shoppers amid a cost of living crisis, investors and analysts said before it lists on the New York Stock Exchange next week.
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.
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.
German sandal maker Birkenstock has raised $1.48 billion in its initial public offering (IPO), valuing the company at over $9 billion, as it aims to expand its business in Asia and the United States.
Birkenstock prices IPO at $46, valuing the company at $8.6 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.
Birkenstock's shares have opened 11% below their offer price on the company's US stock market debut, signaling concerns among investors about the sustainability of consumer demand for its popular cork-soled sandals.
German sandal maker Birkenstock Holdings Ltd.'s stock fell 12.6% in its trading debut, reflecting investor caution towards new deals and a competitive casual-footwear market.
