In a statement to the U.S. Securities and Exchange Commission (SEC), the offer range of the share certificates is between 44 -49 U.S. dollars. The IPO could thus bring in a total of up to 1.58 billion U.S. dollars and thus the total value of the company is estimated at 9.2 billion U.S. dollars.
Around 21.5 million shares will be contributed by the current owner L Catterton, with around 10.8 million coming from Birkenstock. Share purchasers will be offered an option by the owner on a total of 4.8 million additional Birkenstock share certificates. After the IPO, L Catterton will retain 80% of Birkenstock shares. It has already secured a majority stake in the German shoe manufacturer in the spring of 2021. The financial firm is known for running LVMH founder Arnault’s investment businesses.
Birkenstock’s roots can be traced back to the 18th century. Konrad Birkenstock (b. 1873) gave the family its first real breakthrough in shoe manufacturing. In 1897, he developed the anatomically shaped shoe last, which featured a rounded heel, a pliable sole, and a left and right shoe. The starting signal for different foot sizes and industrial shoe production.