GERMANY'S BIRKENSTOCK TARGETS $9.2 BILLION VALUATION IN NEW YORK IPO

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 U.S. initial public offering (IPO).

The company and its stockholders are expecting to sell at least 32 million shares, likely to be priced between $44 and $49 apiece, and potentially raise about $1.58 billion at the top-end of the range, according to a filing with the U.S. Securities and Exchange Commission.

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