Birkenstock has set a price for its initial public offering of stock that values the 249-year-old German maker of upmarket sandals at $8.64 billion.
The company said Tuesday that it had priced its IP.
Birkenstock and its underwriters chose to price the offering conservatively given the market volatility, despite having enough demand to price the share sale at the top of the indicated range of $44 to $49 per share, according to people familiar with the matter.
Germany s Birkenstock valued at $8 6 billion before IPO euronews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euronews.com Daily Mail and Mail on Sunday newspapers.
IPO Sets Birkenstock Value at $8 64 Billion bizneworleans.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizneworleans.com Daily Mail and Mail on Sunday newspapers.