Topline
German footwear company Birkenstock will begin trading its stock Wednesday at $46 a share, according to multiple reports, marking a tentative valuation of $8.6 billion—about twice the amount of cash it was purchased for in 2021.
Key Facts
Birkenstock, which planned for an IPO within the $44 to $49 range, is expected to price the Wednesday IPO at $46 and trade under the ticker BIRK, according to the Wall Street Journal.
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