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Birkenstock, the Germany-based footwear company, is gearing up for a roadshow for its US initial public offering in the next major test of demand for new listings.
The German footwear maker is planning to take investor orders from next week and is considering ensuring a valuation of US $ 10 billion or more in the IPO.
Backed by private equity firm L Catterton, the brand is planning to offer the price tentatively from 10th October with trading from 11th October.
The IPO is arranged by banks including Goldman Sachs, JP Morgan Chase & Co. and Morgan Stanley as the brand plans to list its shares on the New York Stock Exchange under the name BIRK.
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