Birkenstock Draws Norwegian Wealth Fund to $1.6 Billion IPO

Billionaire Arnault, Durable Capital to buy stock in offering
German company offering IPO shares at $44 to $49 apiece

Birkenstock’s sales have been boosted of late by the blockbuster Barbie movie.Photographer: Krisztian Bocsi/Bloomberg

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By Ryan Gould and Eyk Henning

October 2, 2023 at 11:32 AM UTC

Updated on

October 2, 2023 at 2:07 PM UTC

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Birkenstock Holding Ltd. and its private equity owner are seeking as much as $1.6 billion from an initial public offering, pushing ahead with the latest major test of demand for new listings.

The German footwear maker is marketing 10.75 million new shares at $44 to $49 apiece, according to a filing Monday. Its controlling shareholder, L Catterton, is offering 21.51 million shares at the same price.