German sandal maker and in-again fashion icon Birkenstock has filed for an initial public offering, according to a filing late Tuesday.
The filing doesn’t list the number of shares the maker intends to sell or a price range yet. Filing fees were also left blank. The company plans to list its shares on the New York Stock Exchange under the ticker symbol BIRK.
Deal underwriters include Goldman Sachs and JP Morgan. The company enjoys “consistently robust revenue growth and operating margins” and “excellent” sell-through rates, it said in the filing. Birkenstock “is more than a shoe. lt’s a way of thinking, a way of living,” Chief Executive Oliver Reichert said in the filing.
“This took us to the next level through our partnership with L Catterton, and now marks a new important milestone with our plan to go public, inviting a broader group of investors to join our undertaking. This is the beginning of a new chapter,” Reichert said.
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