Birkenstock Seeks Up To $11 Billion Valuation In New York IPO.
- Birkenstock is planning an IPO on the New York Stock Exchange, seeking a valuation of up to $11 billion.
- The company aims to sell over 50 million shares, potentially raising around $1.6 billion.
- Birkenstock has secured investments from financiers like Bernard Arnault's family office and Norway's sovereign wealth fund.
- The valuation is higher than other shoe brands like Crocs, Dr. Martens, and some luxury companies.
- The high pricing comes amid a slow recovery in the IPO market following years of few public listings.
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