Birkenstock Files for Initial Public Offering in NY
The L Catterton-controlled footbed sandal maker has filed an F-1 with the Securities and Exchange Commission, seeking to list its shares on the New York Stock Exchange under the symbol “BIRK.” The filing has no details yet on price or valuation, but earlier reports suggested that the offering will value Birkenstock at around $8 billion. For years a niche brand targeting a very limited market, Birkenstock has been on a run lately, resonating with a much broader audience boosted by designer collabs and appearances in movies like Barbie Movie and on celebrities’ feet. Its distribution has also expanded in the ... Log in to view full article.