Birkenstock Holding plc (“BIRKENSTOCK”) announced today the pricing of its initial public offering of 32,258,064 ordinary shares at a public offering price of $46.00 per share. BIRKENSTOCK is offering 10,752,688 ordinary shares and the selling shareholder is offering 21,505,376 ordinary shares. In connection with the offering, the selling shareholder has granted the underwriters a 30-day option to purchase up to an additional 4,838,709 ordinary shares to cover over-allotments.
The ordinary shares are expected to begin trading on the New York Stock Exchange on October 11, 2023 under the symbol “BIRK.” The closing of the offering is expected to occur on October 13, 2023, subject to customary closing conditions.
Goldman Sachs & Co. LLC, J.P. Morgan and Morgan Stanley (in alphabetical order) are acting as joint lead book-running managers for the proposed offering. BofA Securities, Citigroup, Evercore ISI, Jefferies, UBS Investment Bank, BNP PARIBAS, Bernstein, and HSBC are acting as bookrunners for the proposed offering, and Baird, BMO Capital Markets, Deutsche Bank Securities, Piper Sandler, Stifel, William Blair, Telsey Advisory Group, Williams Trading, Academy Securities, Independence Point Securities and Loop Capital Markets, are acting as co-managers for the proposed offering.
