Oct 2 (Reuters) - Premium footwear maker Birkenstock said on Monday it was seeking a valuation of roughly $10 billion in its U.S. initial public offering (IPO) as it joins a rush of other companies that are going public after two quiet years. This comes at a time when persistent inflation has squeezed budgets and hit sales of footwear makers including Allbirds and On Holding, which have struggled to live up to the hype around their listings. Company IPO year Valuation Current Annual at debut market revenue capitaliza tion Allbirds November 2021 $3.3 bln $168.64 FY 2022: mln 297.77 mln Dr. Martens January 2021 3.7 bln 1.4 bln FY 2023: pounds pounds 241.70 mln ($5.07 ($1.70 pounds bln) bln) ($293.47 mln) On Holding September 2021 $11.35 bln $8.83 bln FY 2023: CHF 1.22 bln ($1.33 bln) Birkenstock 2023 NA* NA* FY 2022: 1.24 bln euros ($1.30 bln) Source: Company earnings releases and media reports *: Company yet to be listed ($1 = 0.8236 pounds) ($1 = 0.9164 Swiss francs) ($1 = 0.9516 euros) (Reporting by Juveria Tabassum; Editing by Pooja Desai)
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5-day change | 1st Jan Change | ||
87.35 GBX | -0.06% | +1.39% | -1.41% |
31/05 | Deutsche Bank Lifts Dr. Martens PT, Keeps Rating at Hold | MT |
31/05 | RBC raises Centrica; Citigroup says buy BHP | AN |
Stocks mentioned in the article
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Capi.
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87.35 GBX | -0.06% | +1.39% | 106.98Cr | ||
58.73 USD | +3.04% | +22.07% | 1.07TCr | ||
41.24 USD | -3.06% | +2.51% | 1.36TCr | ||
0.5581 USD | -5.33% | -11.22% | 9.19Cr | ||
EPS Revisions
Quarterly revenue - Rate of surprise
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-1.41% | 106.98Cr | |
+62.56% | 2.78TCr | |
+28.93% | 1.09TCr | |
+13.01% | 1.09TCr | |
+20.52% | 1.07TCr | |
-4.69% | 772.7Cr | |
+20.39% | 339.32Cr | |
+65.74% | 296.16Cr | |
-12.60% | 235.52Cr | |
-17.17% | 209.7Cr |
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