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Birkenstock Targets $9.2 Billion Valuation. It’s Another Test for the IPO Market.

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The premium footwear brand has priced its shares at between $44 and $49, and is aiming to raise up to $1.58 billion in its New York IPO.

Birkenstock, the German sandals maker, is seeking a valuation of up to $9.2 billion in its New York initial public offering.

The target valuation is greater than the $8 billion that Birkenstock was looking at last month, according to multiple reports. Goldman Sachs, JPMorgan, and Morgan Stanley are leading the banks on the deal.

 

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