Birkenstock Files For $8 Billion IPO In US Two Years After Acquisition

Birkenstock filed for an IPO in the US that could value the company at over $8 billion.
The German shoemaker will list on the NYSE under the symbol BIRK.
Birkenstock was acquired by private equity firm L Catterton in 2021 for $4.3 billion.
The company has seen revenue growth but profit has declined recently due to inflationary pressures.
Birkenstock joins other European companies opting for US listings over domestic IPOs.