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The Independent UK
The Independent UK
National
Via AP news wire

Birkenstock prices its initial public offering of stock valuing the sandal maker at $8.64 billion

BIRK Johann Adam Birkenstock
Copyright 2023 The Associated Press. All rights reserved

Birkenstock has set a price for its initial public offering of stock that values the 249-year-old German maker of upmarket sandals at $8.64 billion.

The company said Tuesday that it had priced its IPO at $46 a share, in the middle of its expected price range of $44 to $49 per share. It is due to start trading Wednesday on the New York Stock Exchange under the “BIRK” ticker symbol.

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