Birkenstock IPO: How to buy shares in Birkenstock?
The premium sandal maker is putting its best foot forward with a listing on the New York Stock Exchange.
What is the expected Birkenstock share price?
There has been no official announcement on the expected share price for the Birkenstock IPO. As of 4 October 2023, it’s estimated to range between US$44 and US$49 for a valuation of up to US$10b.
What is the Birkenstock IPO date?
The IPO of Birkenstock Holding Limited is expected to be on Wednesday 11 October 2023.
What is the ticker symbol for Birkenstock?
The ticker symbol of Birkenstock is BIRK and the shares will be listed on the New York Stock Exchange.
How to buy shares in Birkenstock?
Investors can buy Birkenstock shares on Stake from 11 October 2023. Follow the steps below to open an account with Stake and be able to invest in the newest stock on NYSE.
1. Open a stock investing account
If you want to buy BIRK stock, you'll need to sign up to an investing platform with access to the New York Stock Exchange. Lucky for you Stake has access to U.S. stock exchanges.
2. Fund your account
Complete an application with your personal and financial details. Fund your account with a bank transfer, debit card or even Apple/Google Pay.
3. Search for BIRK or Birkenstock
Find the asset by searching for the name or ticker symbol: BIRK. Do your own research to ensure it is the right investment product for your own circumstances.
4. Choose an order type and buy the asset
Buy on any trading day with a market, limit or stop order. Look into dollar cost averaging to spread out your risk, which smooths out buying at consistent intervals.
5. Monitor your investment
Optimise your portfolio by tracking how the security performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights that affect your shares.
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About Birkenstock Holding Limited
The shoemaker is coming to the New York Stock Exchange. Its origins have been traced back to a German cobbler, Johannes Birkenstock, in 1774. The company sells footwear directly to customers and through business channels, with a reputation for quality. Despite being known more for function than style, the firm’s signature sandals have become a popular item in recent years.
In 2021, a majority stake in the business was bought by a private equity firm, L Catterton, while brothers Christian and Alex Birkenstock kept a minority stake. L Catterton is backed by luxury goods powerhouse LVMH Moët Hennessy ($LVMUY) and the son of its billionaire chairman, Bernard Arnault, has been nominated to join the board.
Like Arm ($ARM), it’s another European company that’s decided to list in the U.S. but also differs from the other recent IPOs as an apparel rather than tech-focused firm. In 2022, Birkenstock earned revenues of €1.24b and had a gross profit margin of 60%. The company has indicated that some of the IPO’s proceeds will be used to pay down debt as it tries to gain a greater share of the €340b global footwear industry.
Birkenstock IPO details
Proposed ticker symbol
Birkenstock Holding Limited
New York Stock Exchange
Between US$44 and US$49
🎓 Learn more: What is an initial public offering and how do they work?→
This does not constitute financial advice nor a recommendation to invest in the securities listed. The information presented is intended to be of a factual nature only. Past performance is not a reliable indicator of future performance. As always, do your own research and consider seeking financial, legal and taxation advice before investing.
Megan is a markets analyst at Stake, with 7 years of experience in the world of investing and a Master’s degree in Business and Economics from The University of Sydney Business School. Megan has extensive knowledge of the UK markets, working as an analyst at ARCH Emerging Markets - a UK investment advisory platform focused on private equity. Previously she also worked as an analyst at Australian robo advisor Stockspot, where she researched ASX listed equities and helped construct the company's portfolios.