Birkenstock prices IPO at $46 per share, toward midpoint of stated range
Publishing timestamp: 2023-10-10 21:21:01
Summary
German shoemaker Birkenstock priced its IPO at $46 per share, giving it a tentative valuation of about $8.64 billion. Despite a slowdown in the footwear sector, Birkenstock's growth and profitability have attracted interest from investors. The company plans to use the proceeds from the IPO to pay off loans and boost its valuation.
Sentiment: POSITIVE
Tickers: JNJ, CROX, UNDEFINED, ONON,
Keywords: kenvue inc, retail industry, business news, markets, birkenstock holding plc, oddity tech ltd, breaking news: business, business, breaking news: markets, crocs inc, on holding ag, instacart (maplebear inc), mergers and acquisitions, johnson & johnson,
Source: https://www.cnbc.com/2023/10/10/birkenstock-expects-to-price-ipo-at-46-per-share.html