Birkenstock Holding, the German shoe maker, will soon take its first steps as a public company.
Typically, macro issues like war can spell doom for the IPO market, but Birkenstock is going forward with its initial public offering. On Tuesday, the shoe company raised about $1.5 billion after selling 32.3 million shares at $46 each, the midpoint of its $44 to $49 price range. Birkenstock will open Wednesday on the New York Stock Exchange, under the ticker BIRK. More than 20 investment banks are listed as working on the Birkenstock IPO. Goldman Sachs, along with J.P. Morgan and Morgan Stanley, are lead bookrunners on the deal.
