Birkenstock aims to raise up to $1.58 bn in IPO
Berlin (AFP) - German sandal maker Birkenstock on Monday set a price for its initial public offering of shares at $44 to $49 each, which could see the company raise up to $1.58 billion. Around 32.2 million ordinary shares will be put on the New York Stock Exchange in the IPO that would value the iconic footwear brand at up to $9.2 billion (8.7 billion euros), according to a regulatory filing. Once unflatteringly associated with sock-and-sandal-wearing Germans, Birkenstock has since become a coveted fashion item, as illustrated in the latest Hollywood blockbuster "Barbie". The stock flotation ...