Birkenstock Targets Valuation Of More Than $9B In IPO
Portfolio Pulse from Adam Eckert
Birkenstock Holding is planning an IPO with a targeted valuation of up to $9.2 billion. The company plans to sell approximately 10.75 million shares for between $44 and $49 per share. Private-equity firm L Catterton will offer another 21.5 million shares, bringing the total share count to approximately 32.3 million shares. The company expects to have around 187.8 million shares outstanding following the offering. Birkenstock has applied to list its shares on the NYSE under the ticker symbol 'BIRK'.
October 02, 2023 | 1:57 pm
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Birkenstock Holding is planning an IPO with a targeted valuation of up to $9.2 billion. The company plans to sell approximately 10.75 million shares for between $44 and $49 per share.
The IPO announcement is directly related to Birkenstock and will likely have a significant impact on its stock price. The targeted valuation of $9.2 billion indicates a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100