Sound footing: Customers look at displays at a Birkenstock store in Paris. The owners of Birkenstock are planning an initial public offering that could value the German shoemaker at more than US$8bil. — AFP
NEW YORK: Birkenstock has filed for an initial public offering (IPO), in another sign of the allure US equity markets hold for European firms seeking a valuation uplift.
The German footwear maker, whose iconic sandals are worn by hippies and preppies alike, plans to list its shares on the New York Stock Exchange under the symbol BIRK, according to a filing. The company will disclose the proposed terms of the share sale in a later filing.
