Birkenstock IPO price range announced – what investors need to know

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Birkenstock, the global shoemaker, has announced its IPO price range. Here’s what potential investors need to know and how to buy Birkenstock shares.

This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

11 October 2023

Birkenstock has confirmed its planned Initial Public Offering (IPO) on the New York Stock Exchange using the ticker ‘BIRK’. Its shares will start trading on Wednesday 11 October.

It’s looking to raise nearly $11bn, pricing its shares between $44-49.

Regardless of whether they wear socks or not, many will be excited to see this shoemaker float on the stock market for the first time.

Dating back as far as 1774, Birkenstock has a long history in manufacturing shoes and sandals. Its orthopaedic footbed is intended to allow people to walk as nature intended, as if barefoot.

The ‘ugly’ shoe took off in popularity during the pandemic, though sales have risen over the years.

It says its products are designed for everyone. While the majority of