Footwear maker Birkenstock seeks IPO valuation of $9.2 billion

Birkenstock has announced the terms of its initial public offering (IPO), with the legendary footwear brand maker seeking a valuation of around $9.2 billion.

The IPO consists of 32.26 million shares, while the expected price range is set between $44.00 and $49.00 per ordinary share. At the top of the range, Birkenstock would raise $1.58 billion from the IPO.

For nine months to the end of June, the company generated revenue of 1.12 billion euros ($1.19 billion), representing an increase compared to the previous fiscal year (921.2 million euros).

Adjusted EBITDA was 387 million euros, indicating a 16% annual growth.

Birkenstock has applied to list its shares on the New York Stock Exchange (NYSE) under the symbol "BIRK."

By Senad Karaahmetovic

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