Birkenstock heads to Wall Street with IPO filing

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Birkenstock heads to Wall Street with IPO filing
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Birkenstock is heading for an initial public offering, with the company revealing its plans in a Tuesday filing with the Securities and Exchange Commission.

CEO Oliver Reichert called it the "beginning of a new chapter" in a message to prospective shareholders included in the filing.

He noted that the brand has "retained the original spirit of our forefathers who laid the foundation of a global business that is more relevant than ever before." The company, which has said its family shoemaking traditions go as far back as the 1770s, is pursuing the IPO and "crowning this development" with it, according to Reichert. Reports had previously suggested that Birkenstock could pursue an IPO.

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