Birkenstock has unveiled its filing for an initial public offering on the New York Stock Exchange.
The footwear company said on Tuesday that it had not yet determined the value of its flotation, however it is understood to be worth over $8bn.
Birkenstock parent company L Catterton reportedly hopes to list the business the week commencing 9th October, the Financial Times reported.
Subscribe to Retail Gazette for free
Sign up here to get the latest news straight into your inbox each morning
News that the private equity owner was considering launching an IPO of the shoe company emerged back in August.
L Catterton, which is backed by luxury giant LVMH, bought a majority stake in Birkenstock for an undisclosed sum back in 2021.
Descendants of the footwear brand’s founder – brothers Alex and Christian Birkenstock – have kept a minority stake in the business.
The retailer posted a drop in profits for its UK business last month, despite total sales rocketing 49% to £34.55m in the year to 30 September 2022.
Click here to sign up to Retail Gazette‘s free daily email newsletter
