Birkenstock, a well-known German footwear brand with the backing of private-equity firm L Catterton, is preparing for its eagerly awaited initial public offering (IPO) in the United States.
In its IPO, Birkenstock and its stockholder plan to sell at least 32 million shares.
These shares are expected to be priced between $44 and $49, with the aim of raising around $1.58 billion, according to a filing with the U.S. Securities and Exchange Commission.
Birkenstock’s IPO comes amidst a revival in IPO activity following a two-year lull.
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