Birkenstock Aims for $10 Billion Valuation in U.S. IPO

Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, has targeted a fully diluted valuation of about $10 billion in its highly anticipated U.S. initial public offering (IPO).

The company and its stockholder plan to sell at least 32 million shares, likely to be priced between $44 and $49 apiece, and raise about $1.58 billion at the top end, as per a filing with the U.S. Securities and Exchange Commission on Monday.

Birkenstock is pushing ahead with its plans when a revival in IPO activity after a two-year drought faces mixed post-debut performances by some of the high-profile listings including Arm and Instacart.

Read the source article at Yahoo