Birkenstock Holding plc

Birkenstock Holding plc (BIRK) priced its initial public offering on Oct 12, 2023 at $46.00 per share, within its $44.00–$49.00 range, raising $1.48B, and listed on NYSE. At the IPO price its market capitalization was about $8.64B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, Morgan Stanley and BofA Securities and others. Carey Olsen and Kirkland & Ellis advised the company and Latham & Watkins advised the underwriters.

Birkenstock Holding plc is a global footwear brand with roots dating to 1774. It is built around the Birkenstock footbed, which it presents as the best alternative to walking barefoot, distributing weight evenly and reducing pressure points.

Status

IPO

Ticker

BIRK

Exchange

NYSE

Priced

Oct 12, 2023

IPO price

$46.00

Price range

$44.00–$49.00

Raised

$1.48B

Market cap at IPO price

$8.64B

First filed

Sep 12, 2023

Underwriters

Goldman Sachs, J.P. Morgan, Morgan Stanley, BofA Securities, Citigroup, Evercore ISI, Jefferies, UBS, HSBC, Baird, BMO Capital Markets and Deutsche Bank

Company counsel

Carey Olsen and Kirkland & Ellis

Underwriters' counsel

Latham & Watkins

Sector

Consumer

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.