The IPO Buzz: Birkenstock Sets Terms for $1.5 Billion IPO

Off to the races in October: Birkenstock Holding Limited (BIRK proposed), the parent of the iconic German sandal company, unveiled the terms early today for its $1.5 billion IPO: 32.26 million ordinary shares at a price range of $44.00 to $49.00, according to an F-1/A filing dated Oct. 2, 2023. The company is offering 10.75 million shares and the selling stockholder, private equity giant L Catterton, is offering 21.51 million shares. This is a New York Stock Exchange (NYSE) offering.

The IPO roadshow is set to begin today (Monday, Oct. 2, 2023) with pricing expected on Tuesday night, Oct. 10 – to trade Wednesday, Oct. 11 – on the NYSE.

Goldman Sachs, J.P. Morgan and Morgan Stanley are leading the team of 11 book-runners.

Birkenstock sandals, made in Germany with a design heritage that goes back to 1774, are making fashion waves again – thanks to the buzz from the blockbuster “Barbie” movie this summer.

Cornerstone investors are in for up to an aggregate of $625 million or up to nearly 42 percent of the IPO, according to the prospectus.

Birkenstock Holding Limited, based in London, will have a valuation – or a market cap – of about $8.74 billion, if the IPO is priced at the $46.50 mid-point of the price range.

Today’s filing (F-1/A dated Oct. 2, 2023) follows the congressional vote over the weekend to avert a U.S. government shutdown over the federal budget and September’s run of three big tech IPOs.

Stay tuned.

(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on’s website.)

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Disclosure: Nobody on the staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The staff does not issue advice, recommendations or opinions.

Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.