Birkenstock Holding Ltd (BIRK.N) has secured enough commitments from investors to price its U.S. initial public offering (IPO) at the top of its indicated range and attain a $10 billion valuation, according to people familiar with the matter.
has secured enough commitments from investors to price its U.S. initial public offering at the top of its indicated range and attain a $10 billion valuation, according to people familiar with the matter.
They priced their IPOs at the top or above their indicated range and saw their shares rally at the debut, only to give up most of the gains in the following days. While shares of Arm and Klaviyo still trade above their IPO price, Instacart's stock is now worth less than its IPO value. To leave less to chance, Birkenstock launched the roadshow for its IPO last week with some investors lined up. Financière Agache has indicated an interest in buying $325 million worth of shares while Durable Capital Partners LP and Norges Bank Investment Management have shown interest in $300 million worth of shares, Birkenstock disclosed in a filing.
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