{"id":71600,"date":"2023-10-11T21:28:52","date_gmt":"2023-10-12T01:28:52","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/birkenstock-sets-u-s-ipo-price-at-46-targeting-a-valuation-of-8-6-billion\/"},"modified":"2023-10-11T21:28:55","modified_gmt":"2023-10-12T01:28:55","slug":"birkenstock-sets-u-s-ipo-price-at-46-targeting-a-valuation-of-8-6-billion","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=71600","title":{"rendered":"Birkenstock sets U.S. IPO price at $46, targeting a valuation of $8.6 billion"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
\n<\/i>\n<\/div>\n

German footwear manufacturer Birkenstock Holding is set to begin trading its stock on the New York Stock Exchange under the ticker BIRK at $46 per share on Wednesday. <\/p>\n

The company plans to sell approximately 32 million shares within a price range of $44 to $49. Financi\u00e8re Agache, owned by the Arnault family, and the Norwegian sovereign wealth fund are expected to acquire up to $625 million in stock. <\/p>\n

On Tuesday, Birkenstock set its U.S. IPO price at $46 per share according to anonymous sources’ reports. The sale of 32.3 million shares raised approximately $1.48 billion, leading to a valuation of around $9.3 billion on a fully diluted basis amidst market volatility. Despite strong demand that could have allowed for higher pricing, Birkenstock and its underwriters opted for conservative pricing and refrained from commenting further on the matter.<\/p>\n

This launch positions Birkenstock as the fourth major company following Arm <\/span><\/span> Holdings (NASDAQ:), Instacart (NASDAQ:), and Klaviyo <\/span><\/span> (NYSE:) to launch a U.S. IPO recently. <\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. German footwear manufacturer Birkenstock Holding is set to begin trading its stock on the New York Stock Exchange under the ticker BIRK at $46 per share on Wednesday. The company plans to sell approximately 32 million shares within a price range of $44 to $49. Financi\u00e8re Agache, owned by the Arnault family, and […]<\/p>\n","protected":false},"author":1,"featured_media":5023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-71600","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nBirkenstock sets U.S. IPO price at $46, targeting a valuation of $8.6 billion | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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