Germany’s Birkenstock aims to elevate up to $1.58 billion in U.S. IPO

Germany’s Birkenstock aims to elevate up to .58 billion in U.S. IPO

Sandals of Birkenstock are pictured on February 02, 2022 in Berlin, Germany.

Florian Gaertner | Photothek | Getty Photographs

Birkenstock, the German premium footwear manufacturer backed by non-public-equity firm L Catterton, stated on Monday it was trying to find to raise up to $1.58 billion in its original public supplying (IPO) in New York.

About 32.26 million shares, priced in between $44 and $49 apiece, would be sold in the IPO by the corporation and its advertising stockholders, according to a regulatory submitting with the U.S. Securities and Trade Commission.

The business, which traces its roots again to 1774, is a sixth-technology household-owned business. Most of its merchandise are made in facilities in Rhineland-Palatinate, North Rhine-Westphalia, Hesse and Saxony in Germany.

Goldman Sachs, J.P. Morgan and Morgan Stanley are amongst the underwriters for the IPO.

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