Footwear maker Birkenstock Holding Plc priced shares within a marketed range at $46 each in its initial public offering, according to a person familiar with the matter who asked not to be identified because the information wasn’t public yet.
In a fourth big test of the US IPO market in a month, Birkenstock and private equity backer L Catterton are set to raise $1.48 billion. The German company and L Catterton were offering about 32 million shares for $44 to $49 each on Tuesday.
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