Birkenstock Files for IPO in Further Boost to US Equities Market

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Birkenstock has filed for an initial public offering, in another sign of the allure US equity markets hold for European firms seeking a valuation uplift.

The German footwear maker, whose iconic sandals are worn by hippies and preppies alike, plans to list its shares on the New York Stock Exchange under the symbol BIRK, according to a filing on Tuesday. The company will disclose the proposed terms of the share sale in a later filing.

Founded nearly 250 years ago, Birkenstock has become a high-fashion brand, launching collaborations with luxury names such as Dior, Manolo Blahnik and Valentino, and spawning variants from labels including Celine and Givenchy. Its sandals have been sold in the US since 1966.

 

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Belgique Dernières Nouvelles, Belgique Actualités