Birkenstock Commences Initial Public Offering on the New York Stock Exchange — Retail Bum

German footwear brand Birkenstock has revealed plans to initiate its initial public offering (IPO) in the United States, making more than 32 million common shares accessible for trading on the New York Stock Exchange.

The company plans to list itself under the ticker Birk, and it anticipates its IPO price per common share to fall within the range of $44 to $49.

Birkenstock intends to offer over 10.7 million of its own ordinary shares, while a selling shareholder is offering an additional 21.5 million shares.
Furthermore, the selling shareholder has provided a 30-day option to purchase up to an additional 4.8 million shares to address potential over-allotments.

Goldman Sachs & Co., J.P. Morgan, and Morgan Stanley have been selected as co-leading book-running managers for the forthcoming offering.

The intention to go public was officially announced in early September when the company stated that it had submitted a registration statement on Form F-1 to the U.S. Securities and Exchange Commission (SEC).

Before this announcement, there had been ongoing speculation about the possibility of the company’s plan, with various news outlets previously reporting that the majority…