Birkenstock Nakes Stock Narket Debut on the NYSE
Dennis
This entry was published by Dennis. He is the newest addition to the Grailify team and he provides you with the most important sneaker news every day.
2023-10-04
Birkenstock has officially announced its stock market debut and will be listed on the New York Stock Exchange under the ticker "BIRK". With a total of 32 million shares and a price between 44 and 49 US dollars per share, investors now have the opportunity to acquire shares in the German shoe manufacturer. The announcement was made after registration with the US Securities and Exchange Commission (SEC).
A total of 32 million shares will be sold, of which 10.7 million will be sold directly by the company and 21.5 million by a selling shareholder. In addition, the selling shareholder is offering another 4.8 million shares that can be purchased within 30 days. Although the company's exact financial results have not been disclosed, the company's valuation of up to US$9.2 billion indicates that the sale of all shares is expected to raise approximately US$1.6 billion. Birkenstock's shares will be available on the market shortly and many investors are expected to take hold.
A total of 32 million shares will be sold, of which 10.7 million will be sold directly by the company and 21.5 million by a selling shareholder. In addition, the selling shareholder is offering another 4.8 million shares that can be purchased within 30 days. Although the company's exact financial results have not been disclosed, the company's valuation of up to US$9.2 billion indicates that the sale of all shares is expected to raise approximately US$1.6 billion. Birkenstock's shares will be available on the market shortly and many investors are expected to take hold.
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