Birkenstock opens at $41, IPO priced at $46 per share

Birkenstock (BIRK) priced 32.26M shares at $46.00, within the $44.00-$49.00 range. Birkenstock is offering 10,752,688 ordinary shares and the selling shareholder is offering 21,505,376 ordinary shares. Goldman Sachs, JPMorgan, Morgan Stanley, BofA, Citi, Evercore ISI, Jefferies, UBS, BNP Paribas, Bernstein and HSBC acted as joint book running managers for the offering. Birkenstock identifies itself as “a global brand which embraces all consumers regardless of geography, gender, age and income and which is committed to a clear purpose – encouraging proper foot health” backed by “a family tradition of shoemaking that can be traced back to 1774.”