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Fortune
Fortune
Eleanor Pringle

Birkenstock's IPO could make it Wall Street's new darling

A sandal in the window display of a Birkenstock GmbH footwear store in Berlin, Germany (Credit: Liesa Johannssen-Koppitz/Bloomberg - Getty Images)

They were once something of a fashion faux pas, championed for their comfort as opposed to their style. But these days the Birkenstock is a sandal donned by Margot Robbie in the new Barbie movie, while the brand collaborates with some of the world's largest fashion houses.

Now the Germany-based footwear company is reportedly eying an IPO, the second this year from private equity owners L Catterton.

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