© Reuters. Birkenstock (BIRK) IPO Opens Below Offering Price
The IPO of footwear company Birkenstock (BIRK) opened for trading at $41 after earlier pricing the offering of 32,258,064 ordinary shares at a public offering price of $46 per share.
Birkenstock is offering 10,752,688 ordinary shares and the selling shareholder is offering 21,505,376 ordinary shares.
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.
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