Birkenstock has set a rate for its preliminary public offering of stock that worths the 249-year-old German maker of upmarket shoes at $8.64 billion
ByThe Associated Press
October 10, 2023, 6: 34 PM
FILE – Signange marks the entryway to a Birkenstock shop, Oct. 4, 2023, in Frankfurt, Germany. Birkenstock stated Tuesday, Oct. 10, that it hadactually priced its IPO at $46 a share, in the middle of its anticipated cost variety of $44 to $49 per share. It is due to start trading Wednesday, Oct. 11, on the New York Stock Exchange under the “BIRK” ticker sign. (AP Photo/Michael Probst, File)
The Associated Press
NEW YORK — Birkenstock has set a rate for its preliminary public offering of stock that worths the 249-year-old German maker of upmarket shoes at $8.64 billion.
The business stated Tuesday that it hadactually priced its IPO at $46 a share, in the middle of its anticipated cost variety of $44 to $49 per share. It is due to start trading Wednesday on the New York Stock Exchange under the “BIRK” ticker sign.
Birkenstock Holding Ltd. offered about 10.8 million shares in