(CNBC) Birkenstock, the longtime German shoe brand known for its comfy and durable styles, priced its IPO at $46 per share on Tuesday, giving it a tentative valuation of about $8.64 billion. The pricing came in just shy of the midpoint of Birkenstock’s stated range of $44 to $49 per share. Birkenstock had originally sought a valuation of up to $9.2 billion.
Birkenstock prices IPO at $46 per share, toward midpoint of stated range
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