(Reuters) -Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said on Monday it was seeking to raise up to $1.58 billion in its initial public offering (IPO) in New York.
About 32.26 million shares, priced between $44 and $49 apiece, would be sold in the IPO by the company and its selling stockholders, according to a regulatory filing with the U.S. Securities and Exchange Commission.
The company, which traces its roots back to 1774, is a sixth-generation family-owned business. Most of its products are manufactured in facilities in Rhineland-Palatinate, North Rhine-Westphalia, Hesse and Saxony in Germany.
Goldman Sachs, J.P. Morgan and Morgan Stanley are among the underwriters for the IPO.
(Reporting by Niket Nishant and Manya Saini in Bengaluru; Editing by Anil D’Silva and Sherry Jacob-Phillips)
