Global footwear brand Birkenstock is gearing up for an initial public offering (IPO) on the New York Stock Exchange, aiming to raise approximately $1.58 billion. The company plans to offer 32 million shares, priced between $44 and $49 per share, with the proceeds directed toward debt reduction and future expansion.

Although stock market conditions have been volatile, Birkenstock remains confident in its strong brand reputation and loyal customer base. Analysts expect the IPO to generate significant investor interest due to the company’s steady growth in the fashion and footwear sector.

Despite global economic challenges, Birkenstock’s leadership believes its unique market position and established consumer trust will drive a successful stock market debut.