Birkenstock values the sandal manufacturer at $8.64 billion in its initial public offering of stock
The 249-year-old German manufacturer of upscale sandals, Birkenstock, has set a price for its initial public offering of stock that values the company at $8.64 billion.
In the middle of its anticipated price range of $44 to $49 per share, the business said on Tuesday that it had priced its initial public offering at $46 per share. The New York Stock Exchange will begin trading it on Wednesday under the ticker name «BIRK.»
In the transaction, Birkenstock Holding Ltd. sold over 10.8 million shares, bringing in about $495 million. Additional 21.5 million of its shares were sold by its stockholders.
