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Birkenstock Seeks Valuation of Up to $9.2 Billion in Planned IPO

Birkenstock, the German footwear company known for its sandals and clogs, is seeking a valuation of up to $9.2 billion in a planned initial public offering (IPO). The company filed confidentially with the US Securities and Exchange Commission (SEC) in April 2023 and reportedly aimed to list on the New York Stock Exchange (NYSE).

Birkenstock has been privately held since 2005, when L Catterton, a private equity firm, acquired it. The company has experienced strong growth in recent years, with revenues increasing from €480 million in 2017 to €721 million in 2022. Birkenstock’s success has been attributed to its focus on comfort and sustainability.

The IPO is expected to raise at least €1 billion, which Birkenstock plans to use to invest in its manufacturing capabilities and expand its global reach. The company is also reportedly considering acquisitions.

Analysts believe that Birkenstock is well-positioned for growth in the coming years. The global footwear market is expected to reach $768 billion by 2027, and Birkenstock is expected to benefit from the growing demand for comfortable and sustainable footwear.

The IPO is expected to be a major test of Birkenstock’s appeal to public investors. The company’s valuation of up to $9.2 billion would make it one of the largest footwear companies in the world.

Birkenstock is seeking a valuation of up to $9.2 billion in a planned IPO. The company is expected to use the proceeds from the IPO to invest in its manufacturing capabilities and expand its global reach. Analysts believe that Birkenstock is well-positioned for growth in the coming years, but the IPO will be a major test of the company’s appeal to public investors.

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