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HomeLatest NewsBirkenstock announced plans to list shares on the New York Stock Exchange

Birkenstock announced plans to list shares on the New York Stock Exchange

Date: September 28, 2023 Time: 01:09:46

Footwear maker Birkenstock has announced plans to list shares on the New York Stock Exchange under the symbol BIRK. The company has publicly filed a registration application. Goldman Sachs, JP Morgan and Morgan Stanley are acting as joint lead managers for the proposed offering. The New York Times reports this.

The number of shares and their value have not yet been determined. Birkenstock’s revenue for the half-year ended March 31 was €644.17 million. This is 19% more than a year before. Net profit fell 45.3% to 40.21 million euros.

Birkenstock’s majority shareholder is the investment company L Catterton, linked to the French conglomerate LVMH. According to the publication, the company could be valued at $8 billion. The listing is reportedly expected to value the brand at up to $10 billion.

Previously, Birkenstock and Japanese clothing brand Beams teamed up again for a launch. They have relaunched the Zurich sandals that were first introduced in 2019. The model is now available in gray. We talk in more detail here.

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.
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