Birkenstock Prices IPO Within Range at $46 a Share
The German company and private equity backer owner L Catterton had offered about 32 million shares on Tuesday for $44 to $49 each.
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Birkenstock Holding Plc and its private equity owner priced shares in the footwear maker’s initial public offering toward the middle of a marketed range to raise $1.48 billion.
In a fourth big test of the US IPO market in a month, the German company and L Catterton sold about 32 million shares on Tuesday for $46 each after marketing them for $44 to $49, according to a statement.