Birkenstock Prices IPO At $46 Per Share: Everything You Need To Know About The German Shoemaker
Portfolio Pulse from Adam Eckert
German shoemaker Birkenstock Holding Plc (NYSE:BIRK) is set to debut on the NYSE after pricing its IPO at $46 per share, targeting a valuation of approximately $8.6 billion. The company plans to use the proceeds to repay borrowings and for general corporate purposes. Birkenstock sold approximately 30 million units in 2022, generating revenue of 1.24 billion euros ($1.32 billion) and net profit of 187 million euros on gross margins of 60%. The company's financial performance is largely dependent on brand perception, with risks including negative consumer perception, supply chain problems, and increasing competition from companies like Nike Inc (NYSE:NKE), Crocs Inc (NASDAQ:CROX), and Deckers Outdoor Corp (NYSE:DECK).
October 11, 2023 | 3:44 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Crocs is identified as a competitor to Birkenstock. The impact of Birkenstock's IPO and its future performance could affect Crocs' market position.
As a competitor, Crocs could be affected by Birkenstock's market performance. However, the extent of the impact would depend on various factors including market trends and consumer preferences.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Deckers Outdoor Corp is identified as a competitor to Birkenstock. The impact of Birkenstock's IPO and its future performance could affect Deckers' market position.
As a competitor, Deckers Outdoor Corp could be affected by Birkenstock's market performance. However, the extent of the impact would depend on various factors including market trends and consumer preferences.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Nike is identified as a competitor to Birkenstock. The impact of Birkenstock's IPO and its future performance could affect Nike's market position.
As a competitor, Nike could be affected by Birkenstock's market performance. However, the extent of the impact would depend on various factors including market trends and consumer preferences.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Birkenstock's IPO is priced at $46 per share, targeting a valuation of $8.6 billion. The company's financial performance is largely dependent on brand perception.
The IPO pricing and the targeted valuation indicate a positive outlook for Birkenstock. However, the company's financial performance is largely dependent on brand perception, which can be influenced by various factors including product quality and market trends.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100