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Birkenstock Files for IPO in Further Boost to US Market

Private equity firm L Catterton to control footwear maker
“Oldest startup on earth” to disclose proposed IPO terms later

WATCH: Birkenstock filed for an IPO, saying it intends to list on the NYSE. Bailey Lipschultz reports.Source: Bloomberg

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By Swetha Gopinath and Tim Loh

September 12, 2023 at 8:40 PM UTC

Updated on

September 13, 2023 at 7:18 AM UTC

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Birkenstock has filed for an initial public offering in New York, in another sign of the allure US equity markets hold for European firms seeking a valuation uplift.

The German footwear maker, whose sandals are worn by hippies and preppies alike, will continue to be controlled by private equity firm L Catterton, according to a filing on Tuesday. The company will disclose the proposed terms of the share sale in a later filing with the US Securities and Exchange Commission.