Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said on Monday it is seeking a valuation of up to $9.2 billion in its highly anticipated initial public offering (IPO) in New York.
The U.S. securities regulator is well-staffed now that a government shutdown has been averted, allowing it to review IPO filings by companies looking to take advantage of the long-awaited reopening of the IPO window.
On its website, the company says all elements of its design - the buckles, the straps, the sole and the footbed - have a "functional purpose".
Most of its products are manufactured in facilities in Rhineland-Palatinate, North Rhine-Westphalia, Hesse and Saxony in Germany.
Goldman Sachs, J.P. Morgan and Morgan Stanley are among the underwriters for the IPO.
Persons:
Margot Robbie, Goldman Sachs, J.P, Morgan, Morgan Stanley
Organizations:
U.S . Securities, Exchange Commission, underwriters
Locations:
New York, U.S, Rhineland, Palatinate, North Rhine, Westphalia, Hesse, Saxony, Germany