LVHM Private Equity L Catterton Backed Footwear Birkenstock IPO on New York Stock Exchange Raising $1.48 Billion at $9.3 Billion Valuation, Share Price Declines 21% at End of Trading Week to $36.3 from IPO Price of $46
14th October 2023 | Hong Kong
LVHM Private Equity L Catterton-backed footwear Birkenstock has IPO ((Initial Public Offering) on New York Stock Exchange raising $1.48 billion at $9.3 billion valuation, with share price declining 21% at the end of trading week to $36.3 from IPO price of $46 (11/10/23). Birkenstock history dates back to 1774, started by Johann Adam Birkenstock who was listed as “subject and cobbler” in the church archives of Langen-Bergheim, Germany. In 1896, Master cobbler Konrad Birkenstock begins manufacturing and selling flexible footbed insoles. In 2021, L Catterton & family investment group of Bernard Arnault (LVMH) acquired a majority stake in Birkenstock for $4.4 billion (EUR 4 billion). More info below:
“ LVHM Private Equity L Catterton Backed Footwear Birkenstock IPO on New York Stock Exchange Raising $1.48 Billion at $9.3 Billion Valuation, Share Price Declines 21% at End of Trading Week to $36.3 from IPO Price of $46 “
LVHM Private Equity L Catterton Files for Footwear Birkenstock IPO on New York Stock Exchange, Reported $8 Billion Valuation
16th September 2023 – LVHM private equity group L Catterton has filed for footwear Birkenstock IPO (Initial Public Offering) on New York Stock Exchange (NYSE, 12/9/23), with reports of pricing range at around $8 billion valuation. Birkenstock history dates back to 1774, started by Johann Adam Birkenstock who was listed as “subject and cobbler” in the church archives of Langen-Bergheim, Germany. In 1896, Master cobbler Konrad Birkenstock begins manufacturing and selling flexible footbed insoles. In 2021, L Catterton & family investment group of Bernard Arnault (LVMH) acquired a majority stake in Birkenstock for $4.4 billion (EUR 4 billion).
LVHM Private Equity L Catterton Plans Footwear Birkenstock IPO at $8 Billion Valuation in September 2023
4th August 2023 – LVHM private equity group L Catterton has been reported to be planning for footwear Birkenstock IPO (Initial Public Offering) at $8 billion valuation in September 2023. Birkenstock history dates back to 1774, started by Johann Adam Birkenstock who was listed as “subject and cobbler” in the church archives of Langen-Bergheim, Germany. In 1896, Master cobbler Konrad Birkenstock begins manufacturing and selling flexible footbed insoles. In 2021, L Catterton & family investment group of Bernard Arnault (LVMH) acquired a majority stake in Birkenstock for $4.4 billion (EUR 4 billion).
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