Birkenstock Looks to Price IPO at Top of Range, Reuters Reports

German footwear maker Birkenstock Holding Plc has gathered enough investor demand to price its initial public offering at the high end of its indicated price range and reach a valuation of $10 billion, Reuters reported on Sunday, citing people familiar with the matter.

(Bloomberg) — German footwear maker Birkenstock Holding Plc has gathered enough investor demand to price its initial public offering at the high end of its indicated price range and reach a valuation of $10 billion, Reuters reported on Sunday, citing people familiar with the matter.

A final decision on pricing the IPO at the high end of the $44 to $49 per share range is expected on Oct. 10, a day before its shares are set to debut on the New York Stock Exchange, according to the report. Such a move would see the company raise $1.6 billion.

Birkenstock declined to comment to Reuters.

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