Birkenstock Seeks $1.6 Billion in IPO
The German footwear brand and its stockholders are planning to sell at least 32.3 million ordinary shares with an expected IPO price between $44 to $49 per share, according to an SEC filing, raising $1.6 billion at the high end of the guide. The offer includes 10.8 million new shares, along with 21.5 million being sold by parent L Catterton through an affiliated entity BK LC Lux MidCo. The mid-point $46.50 per share would translate to BIRK seeing $450.2 million ... Log in to view full article.
