Birkenstock is set to be valued at more than £7.5bn ($9.2bn) as it launches its initial public offering (IPO) in New York today.
The fashion retailer said in an updated filing that it would sell stock at between £36 ($44) and £40 ($49) per share to raise up to £1.3bn ($1.6bn).
At the top of its price range, the retailer would have an initial market value of £7.5bn based on outstanding shares or £8.1bn ($9.9bn) on a fully diluted basis.
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About a third of the profits from the deal will go to Birkenstock to repay debt, while the rest will go to private equity owner L Catterton, The Financial Times reported.
The firm, which is backed by luxury giant LVMH, bought a majority stake in Birkenstock for £3.28bn back in 2021.
It is understood that Financière Agache, the family holding company of LVMH boss Bernard Arnault, has indicated an interest in purchasing up to £266m of shares.
It is set to be the third-largest US listing of the year so far, according to data from Dealogic.
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