Breaking News
Investing Pro 0
Last Call for Cyber Monday! Save Now on Claim 60% OFF

Birkenstock Seeks $9.2 Billion Valuation in Upcoming New York IPO

Published Oct 02, 2023 12:37PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.

German premium footwear brand Birkenstock, supported by private-equity firm L Catterton, announced on Monday its pursuit of a valuation of up to $9.2 billion in its forthcoming initial public offering (IPO) on the New York Stock Exchange. The company and its selling stockholders aim to raise $1.58 billion by offering about 32.26 million shares, priced between $44 and $49 each, according to recent filings with the U.S. Securities and Exchange Commission.

Despite mixed outcomes from several newly listed companies in September, Birkenstock is proceeding with its flotation, signaling a potential resurgence in IPO activity after a period of stagnation. The U.S. securities regulator, now sufficiently staffed following the avoidance of a government shutdown, is prepared to review more IPO filings.

However, Susannah Streeter, head of money and markets at Hargreaves Lansdown, cautioned that investor sentiment remains fragile due to persistent high-interest rates. Consequently, despite its ambitious valuation, Birkenstock may settle for a mid or lower price range for its shares.

Birkenstock has selected the ticker symbol 'BIRK' for its listing on the New York Stock Exchange. Financière Agache, controlled by the Arnault family which owns LVMH, expressed interest in purchasing $325 million of ordinary shares in the offering. Additionally, funds managed by Durable Capital Partners LP and Norges Bank Investment Management have indicated interest in jointly buying shares worth $300 million.

Historically known for comfort over fashion, Birkenstock has recently gained traction among fashion enthusiasts, particularly after one of its brands featured in the blockbuster movie "Barbie," worn by lead actress Margot Robbie.

The sixth-generation family-owned business originated in 1774 and manufactures most of its products in facilities across Germany. Last month, Birkenstock reported a 21% revenue increase in the nine months ending June 30, demonstrating resilience in a challenging demand environment for luxury goods as consumers grapple with inflation.

Goldman Sachs, J.P. Morgan, and Morgan Stanley have been enlisted as underwriters for the IPO.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Birkenstock Seeks $9.2 Billion Valuation in Upcoming New York IPO

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your profile, will be public on and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email